The Federal Crisis Inquiry Commission Interviewed Warren Buffett
In 2010, the FCIC spent 2 hours with Warren Buffett, trying to figure out what the hell happened during the financial crisis. For some reason this just got released.
Someone probably should have listened to him.
My favorite part is on page 52 when he suggests that if a company needs a government bailout the CEO and their spouse go broke. Then this happened:
MR. SEEFER: Well, then let me ask you this then: If the CEOs and their spouse –
MR. BUFFETT: Yes.
MR. SEEFER: – unlucky marriage there – you know, have to give back every penny –
MR. BUFFETT: Maybe the spouse would do better policing than the regulator.