Warren Buffett feels that Elizabeth Warren needs to cut back on the anger.
“She would do better if she was less angry and demonized less,” said the CEO and chairman of Berkshire Hathaway on Monday when Joe Kernen, CNBC anchor, asked about his thoughts in regards to the Massachusetts Democratic Senator.
“I believe in ‘hate the sin, love the sinner,’ and I also believe in praising by name and criticizing by category,” added Buffett.
The Oracle of Omaha, who just shared his annual letter to shareholders this past weekend, said that he feels senators on both sides of the aisle need to begin working together on this legislation. “It does not help when you demonize the people you’re talking to,” he said.
In an interview on CNBC, the billionaire again mentioned his support for Hillary Clinton’s supposedly run for presidency in 2016. The Oracle has repeatedly denied that she is going to run for presidency at the time, but her name does continue to pop up as a potential political candidate.
Elizabeth Warren’s passionately defending Main Street and the middle class, specifically when the financial crisis was taking place, helped to make her name and potentially even launched her into the Senate. It also made her plenty of enemies on Wall Street.
A quote from a Vanity Fair piece in 2011 somewhat sums up the sentiment: “On Wall Street, Warren was regarded, saying one bank vice-chairman, as ‘the devil incarnate,’ and, according to another executive, a ‘show boater,’ who didn’t really know what she was talking about.”
Regardless, as the story clearly states, Warren certainly does know what she is talking about, and her pursuit of dogged openness and fairness in the finance industry led to the founding of the Consumer Finance Protection Bureau and earned her the enmity of Wall Street.
Recently, Elizabeth Warren said on ABC’s “This Week”:
“I’m worried a lot about power in the financial services industry and I’m worried about the fact that basically, starting in the 80s, you know, the cops were taken off the beat in financial services. These guys were allowed to just paint a bull’s-eye on the backside of American families,” said Buffett. “They loaded up on risk. They crushed the economy. They got bailed out. What bothers me now, they still strut around Washington, they block regulations that they don’t want, they roll over agencies whenever they can.”
Even so, Buffett is not the typical person you would find on Wall Street. He continues to advocate for more taxes on the rich.