Friday, February 11, 2011

Warren Buffett Tells FCIC It's Powerless to Stop `Too Big to Fail'

“You will always have institutions that are too big to fail, and sometimes they will fail. We still have them now. We’ll have them after their commission report.

I do think that if you ran into a similar situation today the government would guarantee commercial paper again. They’d have to.  You have to believe the government, the federal government, will act and they will act promptly and decisively.”

Warren Buffett

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