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Published · transcript-backed

David Rosenthal: belief

7 Jun 2021 Acquired Berkshire Hathaway Part III

“I think in this case, yes. I think there's also a reputational element to this too, really.”

— David Rosenthal

Source trail

Everything needed to verify it.

Speaker
David Rosenthal
Attribution
Verified speaker
Claim type
belief
Recorded
7 Jun 2021
Publisher
Acquired

Transcript context

…Why is that? Is it just like that there's no way to get the fear of the Mars Corporation, there’s no way to get your hands on that free money? I think in this case, yes. I think there's also a reputational element to this too, really. If people are worried, especially in the financial sector which we'll get to in a minute, people are worried about counterparty risk, trust and effective runs on the bank of the investment bank sense. Well, bringing Berkshire and Warren is going to do a lot to shore up trust here. And I guess another way of saying to get your hands on the money from cheap money from the government, that's a bailout.…

Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.

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