BUSINESS
08/09/2009 05:12 am ET Updated May 25, 2011

Warren Buffett Backs Second Stimulus, Criticizes Plan To Buy Wall Street's 'Toxic Assets' (VIDEO)

Renowned investor Warren Buffett gave tacit approval to a second stimulus package in an interview today with "Good Morning America." Buffett criticized the first stimulus package, saying "it was sort of like taking half a tablet of Viagra and having also a bunch of candy mixed in ... as if everybody was putting in enough for their own constituents." However he believes another round of stimulus "may well be called for."

Buffett also had harsh words for the government's plan to buy so-called toxic assets off of troubled Wall Street banks. "GMA" has more here.

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