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Buffett says financial crisis is an 'economic Pearl Harbor'

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OMAHA, Neb. (AP) -- Billionaire investor Warren Buffett said the nation has been hit with an "economic Pearl Harbor," and the government must respond quickly.

Buffett talked about the nation's ongoing financial woes in an appearance on the "The Charlie Rose Show" that aired Wednesday night on PBS stations.

"This really is an economic Pearl Harbor," Buffett said. "That sounds melodramatic, but I've never used that phrase before. And this really is one."

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"In my adult lifetime, I don't think I've ever seen people as fearful economically as they are now," the 78-year-old Buffett said.

I'm not really fearful, I'm just going about my days as usual. At the moment I'm okay with the ignorance-as-bliss viewpoint.

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    Reply#1 - Thu Oct 2, 2008 6:21 PM EDT
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