Buffett Jabs Wall St., Saying It ‘Doesn’t Feel Loved’ (Advisor One)

October 03, 2011 at 01:41 PM
Share & Print

After being collectively demonized during the last three-plus years of economic downfall, the wizards of Wall Street may need a little public support (and some financial support), suggests none other than Warren Buffett.

Buffett, making the media rounds this weekend, saying his company, Berkshire-Hathaway is poised to invest "billions and billions" of dollars in U.S. plants and will continue its support for the embattled Bank of America.

As for cash-strapped Europe and its unfolding financial issues, Buffett says he unloaded his European holdings last year and would not be a good source of future capital for bankers there.

NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Related Stories

Resource Center