Wednesday, September 16, 2009

Warren Buffett to CNBC: No Regrets From Crisis Weekend One Year Ago

(cnbc.com) Warren Buffett tells CNBC he has no regrets about any of the decisions he made over the weekend one year ago in September, 2008, when the financial crisis was at its worst.

In a taped interview with Squawk Box's Becky Quick airing tonight, Buffett says he "looked hard" at a telephoned offer that Friday night to buy AIG's property casualty operation in the range of $20 billion to $25 billion, but decided against it.

He recalls telling AIG CEO Bob Willumstad that night, "Unfortunately, I can't do this deal. And don't waste your time with me, so go someplace else."

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