Thursday, February 7, 2008
Buffett blames investment banks for subprime mess...
Warren Buffett says the giant investment banks are responsible for the subprime mortgage meltdown and ensuing losses. "It's sort of a little poetic justice, in that the people that brewed this toxic Kool-Aid found themselves drinking a lot of it in the end," the billionaire investor said, adding that money is still available and reduced interest rates make it "quite cheap."
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