Sep 8, 2008

Warren Buffett on Henry Paulson's plan to takeover Fannie Mae and Freddie Mac

I think the Secretary did exactly the right thing. I don't think there was an alternative that was anywhere close to this one in terms of calming the markets, in terms of providing an ongoing function for the two that makes any change less abrupt... I wouldn't change anything in the plan myself.

~ Warren Buffett, interview on CNBC, September 8, 2008

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