"And that's why the president has asked the entire government to step up, on his part. I mean, there's - there are things that the private sector needs to do; there are things that the government needs to do."

Previous Quote

I think that they hoped the private sector would come in. And the private sector tried to come in until they saw the size of the problem. I mean, from were people on that weekend that thought they'd had a solution. And then the hole kept getting bigger and bigger. And all of a sudden became apparent that 20 billion wouldn't do it and 30 billion wouldn't do it and 40 billion wouldn't do it. So it got beyond anybody's ability to certainly to do it in a short period of time.

— Warren Buffett