10/24/2008 05:12 am ET Updated May 25, 2011

Warren Buffett Backs Bailout Plan

The Bush administration's controversial financial bailout proposal may be getting a heavy dose of criticism today from angry lawmakers on Capitol Hill, but Warren Buffett tells us he wholeheartedly supports the plan.

He told CNBC's Becky Quick over the weekend, "It's what I would do if I were there."

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Read about the Paulson, Bernanke and Cox testimony in front of the Senate Banking Committee