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Zenger
Zenger
Business
Jeannine Mancini

How Buffett’s Late-Night Call To Paulson Saved The Economy

Warren Buffett Economy Ben Bernanke George W Bush Berkshire Hathaway Inc United States
Philanthropist Warren Buffett is joined onstage by 24 other philanthropist and influential business people featured on the Forbes list of 100 Greatest Business Minds during the Forbes Media Centennial Celebration at Pier 60 on September 19, 2017 in New York City. In the midst of the financial crisis in October 2008, Berkshire Hathaway Inc. CEO Warren Buffett made a significant late-night phone call to the then-Treasury Secretary Henry Hank Paulson.  DANIEL ZUCHNIK/WIREIMAGE

In the midst of the financial crisis in October 2008, Berkshire Hathaway Inc. CEO Warren Buffett made a significant late-night phone call to the then-Treasury Secretary Henry “Hank” Paulson. Buffett aimed to share an idea that could potentially revive the struggling economy.

Paulson, exhausted from a long night of collaborating with his team on policy ideas to restore confidence in Wall Street, recalls his weariness during that period. He shares his experience in the documentary “Panic: The Untold Story of the 2008 Financial Crisis.” The documentary features interviews with notable figures, including former Presidents Barack Obama and George W. Bush, providing insights from both the government and private-sector perspectives.

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