Billionaire Warren Buffet warned congressmen negotiating over the White Houseїs proposed $700 billion financial bailout plan that if no agreement is reached, the nation will face їits biggest financial meltdown in American history,ї two sources familiar with the talks told CNN.
Buffet, who Forbes magazine has named No. 1 on their 2008 list of the worldїs richest people, was one of several business experts whose opinions were sought, Sen. Kent Conrad, D-N.D., told reporters Saturday. Buffet was consulted by telephone.
Buffet is chairman and CEO of Berkshire Hathaway Inc. His wealth is estimated at $62 billion.