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3min chapter
Berkshire Hathaway Part II
Acquired
The Bankruptcy of the Investment Banking Division
Investment banking was the one thing solomon wasn't good at. The board and lawyers started preparing a bankruptcy filing. Warren tried to call anybody he knows in the government, using all his washington connections to try and stay the execution here. He finally reaches the treasury tary, nick brady, which the treasury and ad jointly made this decision. And warren literally gets the government to reverse their decision.
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