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warren buffett wall street investment economy usa
Friday, Aug. 22, 2008

Open quoteYou always find out who's been swimming naked when the tide goes out. We found out that Wall Street has been kind of a nudist beach.Close quote

  • WARREN BUFFETT
  • billionaire investor, saying the U.S. economy is unlikely to improve before 2009, and there was a "reasonable chance" that Fannie Mae and Freddie Mac shareholders would be wiped out
Photo: Saul Loeb / AFP / Getty | Source: REUTERS