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.
Source: CNNMoney.com
Date: 9/16/2009
Keys: Analysis (p85), Stock market (p281)
Link:Â http://money.cnn.com/2009/09/16/news/newsmakers/lewis.faint.praise.fortune/index.htm
Questions for discussion:
- Do you think the Buffett’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 “forced†by government?
- How would you change current government regulation of banking?
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