Here're notes from this 160 min interview:
Banking moral hazard.
This isn't the first time banks have gotten into trouble.
That's because no bank executives are punished beyond losing their job.
They still get their pension.
Buffett suggests they dont get pension, and for the directors to give back all their fees.
This isn't the first time banks have gotten into trouble.
That's because no bank executives are punished beyond losing their job.
They still get their pension.
Buffett suggests they dont get pension, and for the directors to give back all their fees.
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swoo : Source? Which article?
areecep OP swoo : From Buffett's live video a few days ago