Berkshire Hathaway Annual Meeting - UMD

Munger: This generation foolishly pays 18% interest on credit cards. (3) Quick: Can you comment on Wells Fargo (WFC) and their situation with respect to accepting TARP money? Are these government programs good or bad? Munger: The government was forced to react quickly to the biggest financial crisis in memory. It is unreasonable to expect perfection. The government should be judged leniently ... ................
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