Blame the regulators, not banks: Buffett

Billionaire investor Warren Buffett again defended Goldman Sachs, saying faulty government regulations were to blame for most of the economic turmoil of the past few years, not investment banks.

Mr Buffet and and Charlie Munger, Berkshire Hathaway’s top two executives, met reporters in Omaha, Nebraska, a day after taking questions before a crowd of about 37,000 at the company’s annual meeting.