Warren Buffett to Sound Off on Goldman Sachs

Berkshire Hathaway honcho promises 'extensive' remarks
By Kevin Spak,  Newser Staff
Posted Apr 30, 2010 11:25 AM CDT
Buffett Is Expected to Fire at Will - WSJ.com
Investor Warren Buffett gestures during an interview prior to a special Berkshire Hathaway shareholders meeting in Omaha, Neb., Wednesday, Jan. 20, 2010.   (AP Photo/Nati Harnik)

Goldman Sachs might want to brace itself. Warren Buffett, who just happens to be one of the firm's biggest investors, is ready to “fire at will” during the Berkshire Hathaway shareholders meeting this weekend, the Wall Street Journal reports. “I expect to get multiple questions about Goldman,” Buffett said, “and I'll give extensive and complete replies.” He didn't say whether those replies would be kind.

There's a decent chance they won't be, if his thinking is anything like that of longtime partner Charlie Munger. “The whole damn industry lost its moral moorings,” Munger said in a recent interview. He said Goldman is “more prudent and ethical” than other big banks and probably hadn't broken the law, but did say it has done things that are “socially undesirable.” (More Warren Buffett stories.)

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