CNBC.com and CNBC-TV plan live video coverage tomorrow (Tuesday) of Warren Buffett's planned 50 minute "conversation" with former Treasury Secretary Henry Paulson.
Buffett and Paulson are the main event at the Greater Omaha Chamber's 2010 Annual Meeting Luncheon at the Qwest Center Omaha.
Our live cameras will be there as the two men go before the 2400 people attending to "discuss current economic issues" and Paulson's new book, On the Brink: Inside the Race to Stop the Collapse of the Global Financial System.
It's scheduled to begin at 1:35p ET.
Don't expect any verbal battles or bombshells. In contrast to the criticism Paulson (and current Treasury Secretary Timothy Geithner) has been getting lately on Capitol Hill, Buffett has repeatedly praised Paulson's actions at the height of the credit crisis in the late summer and fall of 2008.
For example, in his Keeping America Great session with Bill Gates in November, Buffett said "officials in Washington," including Paulson, "did a terrific job of dealing with really what was an economic Pearl Harbor."
And in his book, (as relayed by Steve Jordan at the Omaha World-Herald), Paulson calls Buffett a "friend" and says he "trusted his wisdom and invariable sound advice."
Paulson also says he welcomed Buffett's $5 billion investment in Goldman Sachs and describes being woken from a deep sleep by a call from Buffett offering an idea on the TARP program.
At first, a "groggy" Paulson thought he was talking to his mother's handyman, Warren Hansen.
But, writes Paulson, "This Warren turned out to be quite a handyman, too."
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