BRIEF-CORRECTED-Buffett says his businesses have bottomed, but few upticks seen - News

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BRIEF-CORRECTED-Buffett says his businesses have bottomed, but few upticks seen

By: AFX | 13 Nov 2009 | 08:06 PM ET

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Nov 13 (Reuters) - Warren Buttett on Charlie Rose show: * CORRECTED-WARREN BUFFETT SAYS BERKSHIRE (NOT BERKWSIRE) HATHAWAY INC SOLD STAKES IN UNION PACIFIC CORP AND NORFOLK SOUTHERN CORP - CHARLIE ROSE SHOW * Rpt-buffett says u.s. dollar will be worth less 10, 20, 30 years from now, says question is how much it will depreciate * Rpt-buffett says u.s. dollar will depreciate because the u.s. will print more dollars * Rpt-buffett says his businesses have bottomed, but he sees very few upticks * Rpt-buffett says consumer demand will eventually come back * Rpt-buffett says commercial real estate is a mess * Rpt-buffett says does not think it's going to be "that big of a holiday season" * Rpt-buffett says congress will have to raise taxes, close budget gap * Rpt-buffett says if u.s. keeps running big fiscal deficits it will have a lot of consequences over time * Buffett says favours system that penalizes executives of financial institutions that fail and threaten to pull the whole country down with them * Buffett says favors the federal reserve as the regulator of financial institutions * Buffett says is against letting directors and officers of financial institutions buy liability insurance (New York Equities Desk; tel: +1 646 223 6000) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.

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