Tags: US | Berkshire | Media

Berkshire Execs Blame Turmoil On Faulty Regulation

Sunday, 02 May 2010 04:39 PM

Warren Buffett and Charlie Munger continue to defend their support of Goldman Sachs, saying faulty government regulations are to blame for most of the economic turmoil of the past few years, not investment banks.

Berkshire Hathaway's top two executives addressed reporters Sunday — a day after answering questions before roughly 40,000 shareholders at the Omaha company's annual meeting.

Buffett has been one of Goldman's biggest supporters before and since the SEC filed its civil lawsuit against the bank. The government charged that the investment bank misled investors about a deal involving complex mortgage-related investments that later plunged in value.

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On the Net:

Berkshire Hathaway Inc.: http://www.berkshirehathaway.com

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Warren Buffett and Charlie Munger continue to defend their support of Goldman Sachs, saying faulty government regulations are to blame for most of the economic turmoil of the past few years, not investment banks.Berkshire Hathaway's top two executives addressed reporters...
US,Berkshire,Media
106
2010-39-02
Sunday, 02 May 2010 04:39 PM
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