Though he didn't put forward any proposals, Buffett suggested the need for greater oversight and, potentially, penalties for those in charge of the firms.
I AGREE! For big bankers involved in these big ponzi schemes and the government officials that cooperated, I propose life in prison (at hard labor). There must be a high price for destroying our country!
http://www.marketwatch.com/story/buffett-calls-out-financial-leaders-2010-02-27