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Warren Buffett: U.S. Economy Has Fallen Off a Cliff

Monday, 9 Mar 2009 | 6:00 AM ET

Billionaire investor Warren Buffett, says the Fed's actions have prevented things from getting worse. The Berkshire Hathaway chairman/CEO says that it takes longer for Americans to regain confidence and only five minutes to become fearful, with CNBC's Becky Quick.