If I were the treasury secretary or head of the Fed, you know, I would try to scare the hell the out of the private sector and say, you better save this because you're going down with the ship.

I think it's been, you know, kind of like a tragic play to this point. But at this point, I think it's clear, and will be clear to the majority of the Congress. I think it's clear to the American people that there is only one countervailing force to a world where financial institutions are trying to sell instruments every day and where credit has dried up, and that's the United States Treasury.

I'd rather have a $10 million business making 15 per cent than a $100 million business making 5 per cent.

You should invest in a business that even a fool can run, because someday a fool will.

I don't think it would be crazy to have a model or an entity model on the Reconstruction Finance Corp.

People do, as long as you have markets, you'll have excesses.

I will do anything that is basically covered by the law to reduce Berkshire's tax rate. For example, on wind energy, we get a tax credit if we build a lot of wind farms. That's the only reason to build them. They don't make sense without the tax credit.