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Becky Quick: One of the things we’d like to get straight to, though, is what you see happening in the economy right now. We’ve been talking to you for some time about what you see as some significant problems in the economy. And, from your perspective, have things gotten any better? Have they gotten any worse?
Warren Buffett: No, they’ve rippled out some, and that’s what you’d expect. So the excesses in credit, the deleveraging that was required, the weak credits that are exposed, all that is–we’re seeing manifestations out as the ripples go out, and I think I said one time that, you know, you only find out who’s been swimming naked when the tide goes out. Well, we found out that Wall Street has been kind of a nudist beach.
Earlier: Buffett Lunch Goes For Over 2 Million, Non-Sequitur Sex Analogies On The House
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Comments (16)

  1. Posted by guest | August 22, 2008 at 10:35 AM

    Did anyone see IOUSA?

  2. Posted by guest | August 22, 2008 at 10:46 AM

    No, but I saw Becky and Erin giggling over the nudist beach remark.

  3. Posted by guest | August 22, 2008 at 10:50 AM

    I’d like to see IOUSA. But I can’t stand that guy Walker hired by Pete Peterson to run his foundation. So one note self-righteous.

  4. Posted by guest | August 22, 2008 at 10:50 AM

    I’d like to see IOUSA. But I can’t stand that guy Walker hired by Pete Peterson to run his foundation. So one note self-righteous.

  5. Posted by guest | August 22, 2008 at 10:51 AM

    The Slick Willie of Finance.

  6. Posted by guest | August 22, 2008 at 11:17 AM

    I saw IOUSA. It was fantastic. Greenspan looks like a real doofus. I actually like David Walker. He’s the only one with courage to speak up about the problems we face. From my perspective, the film offers three main points.
    1.Personal Responsibility. If everyone went to the gym or heck just walked on a treadmill for 30min/day, our healthcare costs would be significantly reduced.
    2. Reform. Somebody needs to get a handle on monetary and fiscal policy. The tax code is outrageous and discourages saving which leads us to…
    3. SAVE. If we had a favorable tax code that rewarded prudence, we would have a lot more savers and a lot more money to invest and grow independently.

  7. Posted by guest | August 22, 2008 at 11:17 AM

    Exposed on the beach? Buffett is overexposed on CNBC. It’s getting boring now, and Beck is so low energy, bring back spicy “Red Fox” Liz!!

  8. Posted by guest | August 22, 2008 at 11:25 AM

    Tiresome old windbag. “I think I said one time …” Uh, no, Warren. Actually you have said it–and been quoted saying it–approximately umpty BILLION fucking times.
    Buy a new joke book, you old fart. It’s not like you can’t afford it. Putz.

  9. Posted by guest | August 22, 2008 at 11:28 AM

    God bless Warren! And he’s made and kept more money than you IB douche fucks.

  10. Posted by guest | August 22, 2008 at 11:32 AM

    I think Warren is very interesting in the sense that he seems to like making money but not spending it. What’s driving this guy?

  11. Posted by guest | August 22, 2008 at 11:36 AM

    @ 10. A small penis.

  12. Posted by guest | August 22, 2008 at 12:03 PM

    #10
    He’s said he really enjoys his job. I think he likes figuring out good acquisitions and I think he likes meeting the people that are running good businesses. It may be as simple as that.

  13. Posted by Anal_yst | August 22, 2008 at 12:18 PM

    @ 12
    I like 11′s explanation better. As much fun as it may be (MAY being the operative word) to do what you’ve described, its alot more fun to oh, i duno jet set around the world goin to fun/exciting/exotic places, “hanging” with beautiful scantily clad women, and all the other stuff you’re supposed to do when you have more $ than you know what to do with. But thats just me, so who knows?

  14. Posted by guest | August 22, 2008 at 12:35 PM

    taking nickels from dead people

  15. Posted by guest | August 22, 2008 at 12:36 PM

    Warren’s mystery has worn right off.He’s becoming more exposed than Paris Hilton, and with each interview, confirms he’s a very odd man.

  16. Posted by guest | August 22, 2008 at 12:49 PM

    are you guys just pissed off cuz Warren has more game than you?

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