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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.


Date: 9/16/2009

Keys: Analysis (p85), Stock market (p281)


Questions for discussion:

  • Do you think the Buffett’s criticism of Lewis is fair? 
  • What do you think would have happened had Merrill not bought BofA?
  • To what degree was this deal “forced” by government?
  • How would you change current government regulation of banking?

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