Behind every billionaire there is a story!

Warren Buffett Explains His $5B Goldman Investment

Warren Buffett was interviewed live by telephone on CNBC’s Squawk Box this morning about his surprise investment of at least $5 billion in Goldman Sachs

BECKY:  Does the backdrop of the Federal government potentially getting involved with a massive bailout plan for Wall Street, does that have anything to do with this deal?

BUFFETT:  Well, I would say this.  If I didn’t think the government was going to act, I would not be doing anything this week.  I might be trying to undo things this week.  I am, to some extent, betting on the fact that the government will do the rational thing here and act promptly.  It would be a mistake to be buying anything now if the government was going to walk away from the Paulson proposal.

read the rest published by CNBC here:

http://www.cnbc.com/id/26867866/site/14081545/