Warren Buffett: I Dreamt Up Bank Of America Deal In The Bathtub (VIDEO)
Aug 25, 2011 at 3:59 PM
DailyBail in Bank of America, bank of america, becky quick, cnbc video, warren buffett, warren buffett

CNBC Video - Buffett explains the genesis of the BofA deal to Becky Quick - Aug. 25, 2011

Huffington Post

Warren Buffett is the third wealthiest man in the world. He also seems to like making market-shifting financial decisions while relaxing in the bath.

On Thursday, Buffett, the billionaire investor and CEO of Berkshire Hathaway, announced his company would buy $5 billion worth of shares in Bank Of America. Critics wondered if Buffett had been pressured to help the troubled bank. Not so, Buffett says.

"He says he just dreamt this idea up on Wednesday morning while he was in the bathtub," CNBC's Becky Quick said on Thursday after speaking with Buffett over the phone.


Related video.

William Cohan thinks the Buffett deal will make it easier for BofA to raise additional capital.



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