Financial Crisis Inquiry Commission Staff Audiotape of Interview with Warren Buffett, Berkshire Hathaway

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Financial Crisis Inquiry Commission Staff Audiotape of Interview with Warren Buffett, Berkshire Hathaway

May 26, 2010

inTerviewer: Thank you. Mr. Buffett we’re with the staff of the Financial Crisis Inquiry Commission. We were formed by Congress in 2009 to investigate the causes of the financial crisis both globally and domestically. And to do a report, due at the end of this year, December 15, 2010 to the President and to Congress which we also plan to release to the American public. We’re tasked not only with investigating the causes of the financial crisis but looking at specific issues that Congress has enumerated in the Fraud Enforcement Recovery Act which formed the Commission. The Commission is a bipartisan Commission, six Democrats and four Republican Commissioners and we are with the staff of the Commission. We wanted to ask you a few questions today and get your views and your insights so that we may better understand the causes of the financial crisis. In addition, we would like to ask you a few questions about Moody’s as well since you are a significant shareholder in Moody’s. And if you don’t mind, let’s ask first about Moody’s specifically. inTerviewer: I understand sir, that in 1999 and in February of 2000 you invested in Dun and Bradstreet. warren buFFeTT: That’s correct. I don’t have the dates, but that sounds right. inTerviewer: Yes sir. And am I correct, sir, in saying that you made no purchases after Moody’s spun off from Dun and Bradstreet? warren buFFeTT: I...