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Warren Buffett to Sound Off on Goldman Sachs

Berkshire Hathaway honcho promises 'extensive' remarks

By Kevin Spak,  Newser Staff

Posted Apr 30, 2010 11:25 AM CDT

(Newser) – Goldman Sachs might want to brace itself. Warren Buffett, who just happens to be one of the firm's biggest investors, is ready to “fire at will” during the Berkshire Hathaway shareholders meeting this weekend, the Wall Street Journal reports. “I expect to get multiple questions about Goldman,” Buffett said, “and I'll give extensive and complete replies.” He didn't say whether those replies would be kind.

There's a decent chance they won't be, if his thinking is anything like that of longtime partner Charlie Munger. “The whole damn industry lost its moral moorings,” Munger said in a recent interview. He said Goldman is “more prudent and ethical” than other big banks and probably hadn't broken the law, but did say it has done things that are “socially undesirable.”

Investor Warren Buffett gestures during an interview prior to a special Berkshire Hathaway shareholders meeting in Omaha, Neb., Wednesday, Jan. 20, 2010.
Investor Warren Buffett gestures during an interview prior to a special Berkshire Hathaway shareholders meeting in Omaha, Neb., Wednesday, Jan. 20, 2010.   (AP Photo/Nati Harnik)
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COMMENTS
Showing 3 of 6 comments
Ultraworld
May 3, 2010 8:22 AM CDT
If he's there biggest investor, he's gonna lie his ass off
passinthru
Apr 30, 2010 8:05 PM CDT
finally...some truth....maybe.
Rocket448
Apr 30, 2010 6:05 PM CDT
Buffet's willingness to take questions about GS can only be a disaster for them. Buffet makes money by using his own and other people's money, which puts him in what the President implied was a grey area during his speech in Quincy, IL. In any case, when Buffet speaks we all - Mr. Obama included - listen. I for one appreciate Mr. Buffet's old-fashioned values, and I expect him to refer to those values frequently during his appearance this weekend.

 
Goldman Sachs • Warren Buffett • Berkshire Hathaway • bank fraud • Securities and Exchange Commission • Charlie Munger

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