Charlie Munger: 'Venal Banks Need Reform'

06/05/2009 05:12 am ET | Updated May 25, 2011

One thing about many quite old people is they have a lot of wisdom and are not afraid to speak their minds. Via this Bloomberg article, we have Berkshire Hathaway's Charlie Munger following in the footsteps of Simon Johnson [Apr 21: Simon Johnson on Yahoo Tech Ticker] , Joseph Stiglitz and a few others who have called the financial system out for what it is; essentially America's Oligarchs.

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