Warren Buffett on Taxing Bonuses
In an interview with ABC News at a special investors conference in his hometown of Omaha, Neb., Buffett said it was unnecessary to go after banks that had already repaid the loans they had received through TARP. The country’s largest banks, including Bank of America, Citigroup, JPMorgan Chase and Goldman Sachs, have all repaid their TARP funds.
“I don’t think it makes sense … The banks are not going to be the cause of big losses in the TARP program, maybe the auto companies will,” Buffet said.”It’s a separate situation.”
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