Buffett Talks GE Investment on CNBC

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By SteveK Comments

buffett_10-1.jpgGE announced today it would sell $3 billion in stock to Warren Buffett of Berkshire Hathaway, in a deal similar to Buffett’s recent investment in Goldman Sachs.

Shortly after the announcement, Buffett showed up on the business network of the company he had just invested in. CNBC’s Becky Quick interviewed Buffett by phone just after 2pmET.

“I’m up here in an airplane, and I hope it’s being powered by GE engines,” joked Buffett as he began the interview.

Buffett also talked about the potential bailout. “I think we’ll get action,” he said of Congress’ plans. “If we don’t, I’ll have done some dumb things.”

In a lucky booking for PBS, Charlie Rose is slated for an exclusive interview tonight with Buffett at 9pmET.