Warren Buffett has revealed in an interview with CNBC that his Berkshire Hathaway group was asked to help save AIG and Lehman Brothers as the financial giants stood on the brink of collapse last autumn.
Buffett said he received calls a year ago about either buying parts of or writing insurance contracts for AIG and Lehmans but neither deal was successful. He admitted he was contacted by Barclays at the height of last September’s financial crisis with a request to provide insurance for the British bank’s bid to buy Lehman. Buffet asked for additional details from the bank to be faxed to him, but then didn’t hear anything more. However, he has now revealed a follow-up message from a Barclays executive was in fact left on his phone at the time but he failed to access it. The Sage fro...
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