Wednesday, February 29, 2012

CNBC Transcript Download: Warren Buffett on Cheap Houses, Bank Stocks, and Taxing the Rich

Warren Buffett's live appearance on CNBC's Squawk Box yesterday generated some headlines as he said single-family houses are a bargain right now, revealed Wells Fargo [WFC  31.37    0.34  (+1.1%)   ] is his favorite bank stock, and recalled the advice he gave Steve Jobs a couple of years ago on what to do with Apple's cash. His controversial call for higher tax rates on the super-rich and the resulting "Buffett Rule" proposal was also a major topic of conversation.


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