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Last week we discussed about the current financial crisis and the resulting economic situation in the country. Since we last discussed a lot has happened on this front. It appears that the country’s legislative bodies have agreed to a deal in principle and have written the draft legislation. It is widely expected to be passed by the Congress this week.

Also, one of the greatest investing legends of our times, Warren Buffett of Berkshire Hathaway decided to invest $5 Billion in one of the two last standing investment banks, Goldman Sachs last week. In light of this ground breaking investment, CNBC recently interviewed Warren Buffett over a telephone call. The complete transcript of the interview and the audio/video of the interview can be accessed here. This is a very interesting, no holds barred interview. It gives the listener a very good opportunity to peek into the legendary investor’s mind at such a critical juncture in our nation’s economy. Mr.Buffett also shares his outlook, his rationale for this investment and more. So we wanted to spread the news about this interview to our readers. Hope you’ll like it. Please do post your comments and let us know your thoughts.

Note: The audio/video of the interview is in 3 separate parts. Be sure to go to the transcript of each part to access the audio/video of that part.