Transcript of Warren Buffett Interview on CNBC

This interview with Warren Buffett on CNBC should be read in its entirely. An excerpt:

What you have, Joe {Kernen], you have all the major institutions in the world trying to deleverage.  And we want them to deleverage, but they’re trying to deleverage at the same time.  Well, if huge institutions are trying to deleverage, you need someone in the world that’s willing to leverage up.  And there’s no one that can leverage up except the United States government.  And what they’re talking about is leveraging up to the tune of 700 billion, to in effect, offset the deleveraging that’s going on through all the financial institutions.  And I might add, if they do it right, and I think they will do it reasonably right, they won’t do it perfectly right,  I think they’ll make a lot of money.

Related posts:

  1. Warren Buffett and the Case for Eliminating Municipal Bond Insurance
  2. Parsing Warren Buffett
  3. Eddie Lampert as the Next Warren Buffett
  4. The Most Important Warren Buffett Question Ever
  5. Warren Buffett & Why Bridge isn’t Poker