Saturday, December 12, 2009

WSJ on Warren Buffett Buys During the Crisis

WSJ has a fairly detailed play-by-play of Warren Buffett's moves during the middle of the financial crisis and the various calls he took from different parties. The play-by-play notes that Buffett turned down the opportunity to invest in Lehman Brothers but failed to mention Buffett turned down the investment, as detailed in Andrew Ross Sorkin's new book Too Big To Fail, after he received a lukewarm call about the deal from then Treasury Secretary Hank Paulson. Buffett thought Paulson was talking to him in "code" about not doing the deal.

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