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In the revealing interview, Mr. Buffett discusses how he missed predicting the crisis and its effect on the financial system. He also shares thoughts on some of the main players, like Jamie Dimon and Ken Lewis; the logic behind the investments he made in late 2008, and how close the system came to collapse. He also talks about what he calls "the single most important decision in evaluating a business", his thoughts on the US dollar and Moody''s, and why he sold Freddie Mac and Fannie Mae.
** This official edition contains more than 100 pages of dissenting views not printed in the commercial version ** In the wake of the most significant financial crisis since the Great Depression, President Obama signed into law an Act that established the Financial Crisis Inquiry Commission to "examine the causes, domestic and global, of the current financial and economic crisis in the United States. This bipartisan Commission was given a critical non-partisan mission - to examine the causes of the financial crisis that has gripped the country and to report its findings to the Congress, the President, and the American people.In the course of its research and investigation, the Commission reviewed millions of pages of documents, interviewed more than 700 witnesses, and held 19 days of public hearings in New York, Washington, D.C., and communities across the country that were hit hard by the crisis. Its final report includes the results of the Commission's inquiry and the Commission's conclusions as to the causes of the financial crisis based on this inquiry.
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