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Fortune
Fortune
Eleanor Pringle

Warren Buffett wants bosses of failed banks to live like they 'work on a Ford production line'

Warren Buffett speaking at a Berkshire Hathaway event (Credit: Houston Cofield/Bloomberg - Getty Images)

Berkshire Hathaway boss Warren Buffett doesn't mind upsetting his friends.

Despite the billionaire rubbing shoulders with the Wall Street elite for decades, Buffett has called for harsher penalties on CEOs, presidents and directors of failed banks.

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