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Stocks B / Berkshire Hathaway


Subject:  Re: Munger Speaks Out Date:  2/12/2009  8:18 PM
Author:  stillwater9999 Number:  151094 of 238952

My proposal is that we do not need extensive new regulation to prevent a reoccurence. What we need is simple in essence - a regulation against excessive debt. Whether or not that debt is taken on my companies, banks, individuals or our nation, it is poison in excess. This whole problem would have been avoided if excessive bank leveage and unsupported debt by individuals had not be occured.

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