Friday, March 14, 2008

Buffett on financial crisis: "people that brewed this toxic Kool-Aid found themselves drinking a lot of it"

Buffett Sees ‘Poetic Justice’ in Banks’ Woes | February 7, 2008, 7:14 am
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Mr. Buffett, the head of Berkshire Hathaway and one of the world’s wealthiest people, appeared to see irony in the fallout hitting many of the banks who marketed complex investments that have now crashed.

“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,” Mr. Buffett said during a question and answer session at a business event in Toronto.

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