Warren Buffett Watch
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Executive Producer
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David Goldman / CNBC |
These are excerpts from the unofficial transcript of CNBC's town hall interview today (Thursday) with Warren Buffett and Bill Gates from Columbia Business School in New York City, as released by CNBC.
Warren Buffett and Bill Gates: Keeping America Great, a 90-minute CNBC Town Hall Event hosted by Becky Quick, airs tonight (Thursday) on CNBC television at 9p and 12:30a ET.
Buffett on Controlling Systemic Risk
Going forward, it's a very tricky thing to figure out how to present excessive leverage, how to prevent off balance sheet arrangements from getting in trouble, or for just having people at the top of major institutions that run risks that they shouldn't be running. We're wrestling with that right now. There should be more downside to the head of any institution that has to go to the federal government to be saved for reasons of the greater society and so far we've been better at carrots and sticks in rewarding CEOs at the top, but I think some more sticks are called for.
Data is a real-time snapshot *Data is delayed at least 15 minutes