TAILIEUCHUNG - This is a transcript of Warren Buffett's live interview on CNBC before appearing

This is a transcript of Warren Buffett's live interview on CNBC before appearing before the Financial Crisis Inquiry Commission on Wednesday, June 2, 2010. CNBC's BECKY QUICK: We are standing by at the New School where we'll be hearing from the FCIC Commission in just a little bit. We're gonna be asking some questions. They are in progress right now, where they are talking to a lot of — of the people who are coming forth as witnesses. In the second session of witnesses, one of those will be Warren Buffett. And we are joined right now by Warren Buffett. | Warren Buffett Watch Keeping Track of America s Billionaire Next Door This is a transcript of Warren Buffett s live interview on CNBC before appearing before the Financial Crisis Inquiry Commission on Wednesday June 2 2010. CNBC s BECKY QUICK We are standing by at the New School where we ll be hearing from the FCIC Commission in just a little bit. We re gonna be asking some questions. They are in progress right now where they are talking to a lot of of the people who are coming forth as witnesses. In the second session of witnesses one of those will be Warren Buffett. And we are INTERVIEW TRANSCRIPT joined right now by Warren Buffett of Berkshire Hathaway. And Mr. Buffett thank you for being with us. WARREN BUFFETT Pleasure. BECKY You are here today not of your own free will BUFFETT LAUGH That s right. BECKY you were subpoenaed for this. BUFFETT Yeah. BECKY Why did it take a subpoena to get you here BUFFETT Well in the last 12 or 15 months I ve had eight different either congressional committees or commissions appointed by congressional committees who have asked me to go to Washington primarily to testify. And I ve always offered to do anything they want by phone and answer all their questions and I just did it last week for Elizabeth Warren s commission for example. And they had a number of people on the phone and I I answered all their questions and told them if they wanted more to come back. But I ve got a job running Berkshire and I if I if I go to one voluntarily I m gonna have ten others that say Why d why can t you come and do it for us BECKY But having said that you re not gonna be a hostile witness today BUFFETT Oh I m not hostile. LAUGH BECKY You ll tell em what they re asking BUFFETT I ll tell em I ll tell em whatever I know. And I ve already had a two hour interview with their staff a week ago they came out to Omaha. And and we had a good session. They asked good questions good follow on questions. And Warren Buffett .

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