Description: The Berkshire Hathaway chief notes the ‘irony’ in the BofA chief having saved the system — by overpaying for Merrill Lynch just hours before it would have failed.
Keys: Analysis (p85), Stock market (p281)
Questions for discussion:
- Do you think the Buffettâ€™s criticism of Lewis is fair?Â
- What do you think would have happened had Merrill not bought BofA?
- To what degree was this deal â€œforcedâ€ by government?
- How would you change current government regulation of banking?