InspiringQuotes

Warren Buffett Quotes:

Ocupation: Investor

Life: b. August 30, 1930

Birthday: August 30

That's been lost. It's a huge problem. What you have is you have the major institutions of the world all wanting to deleverage. They want to take down their assets and liabilities. What seemed so easy to borrow against a year ago now looks like rat poison to them. So they're trying to deleverage. There is only one institution in the world that can leverage up in a way that's all a countervailing force to that, and that's the United States Treasury.

- Warren Buffett

source: "Warren Buffett: I Haven't Seen As Much Economic Fear In My Adult Lifetime". "Charlie Rose", www.cnbc.com. October 1, 2008.

topic: Years, Trying, Poison, Assets And Liabilities

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