By Ranjan Bhaduri
Feb 10, (THAINDIAN NEWS) Billionaire Warren Buffet and former Treasury chief Henry Paulson affirmed that the taxpayers of USA will get back the money taken from them during the bank bailout in 2008. They also hinted at a profit. They were at the annual meeting of Greater Omaha Chamber of Commerce and spoke their minds. It needs to be noted that Henry Paulson tried to support the actions taken by the George Bush led government during the economic meltdown. He wrote in the book titled “On the Brink: Inside the Race to Stop the Collapse of the Global Financial System” that the government tried its level best to stop the financial institutions from failing. He also expressed the view that the situation could have been worst during the economic turn-down.

Warren Buffet asked a number of questions to the former Treasury chief, Henry Paulson on the book written by him. However, he refrained from making any judgmental comments. He praised the book saying that it made him understand how the former President of USA realized the economy and did his best in the critical scenario. However, Warren Buffet also drew the attention to the positive statements made by Henry Paulson regarding President Barack Obama. This is natural, considering that the billionaire himself is a hardcore Democrat.

Warren Buffet, the CEO and chairman of Omaha’s Berkshire Hathaway also praised the actions of Henry Paulson and his successor Timothy Geithner. He also gave sound advice to the former treasury secretary during the economic turmoil. Goldman Sachs, the former firm of Henry Paulson, received aid from Warren Buffet in the turmoil.