This morning on CNBC's Squawk Box, Warren Buffett chatted by telephone with the Squawk team and guest host Jack Welch, the former Chairman and CEO of CNBC parent General Electric. Becky Quick is traveling with Buffett in China, and put him on the phone to react to news this morning that Merrill Lynch had to write-down almost $8 billion in bad bets on mortgage securities and leveraged loans.
Here's the video clip.
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