Published: Sunday, Apr. 5, 2009 - 12:00 am | Page 1A
Last Modified: Sunday, Apr. 5, 2009 - 12:25 pm
Last Modified: Sunday, Apr. 5, 2009 - 12:25 pm
Financier Warren Buffett has been lauded for his plain-spoken denunciation of the greed and foolishness behind the economic crisis. He has pushed the massive federal bailout of imploding banks as the essential response to an "economic Pearl Harbor."
When Buffett speaks, people in high places listen. The famous investor is so highly regarded that in a debate last fall, both presidential candidates said they were considering him for treasury secretary.
A Bee examination of regulatory records shows that Buffett, the world's second-wealthiest person, also quietly has become a top beneficiary of the banking bailout he so vigorously advocated.(more)
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