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Buffett on Europe's 'Fundamentally Flawed System'
Europe is trying to put patches on something that leaks, says Warren Buffett, Berkshire Hathaway CEO, commenting on the EU's current fiscal problems, adding "the system cannot survive" the way it is currently designed. Buffett also weighs in on the Libor rate scandal and JPMorgan's Jamie Dimon, calling him "one of the best bankers in the world," despite the company's huge trading losses.
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Buffett on Europe's 'Fundamentally Flawed System'
Europe is trying to put patches on something that leaks, says Warren Buffett, Berkshire Hathaway CEO, commenting on the EU's current fiscal problems, adding "the system cannot survive" the way it is currently designed. Buffett also weighs in on the Libor rate scandal and JPMorgan's Jamie Dimon, calling him "one of the best bankers in the world," despite the company's huge trading losses.
Date: 7/12/12
Views: 18970
Video by:  CNBC
 
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