Charlie Munger on the Financial Crisis

Here is half the dynamic duo of Warren Buffet/Charlie Munger who run Berkshire Hathaway giving a pretty grim assessment of the current financial crisis:



What bothers me is that none of the failings underlying this economic collapse have been addressed by the Obama administration. I understood why George Bush did nothing -- he was the puppet of the top 0.1% of the population that got fabulously rich under the swing to the right since Reagan. But I'm shocked that Obama has done essentially nothing to fix the problems.