Bank of America (NYSE:BAC) Could Have Got Merrill Lynch for Nothing, Says Warren Buffett

Berkshire Hathaway (NYSE:BRK-A) CEO Warren Buffett had a number of things to say in response to the actions of Bank of America (NYSE:BAC) CEO at that time - Ken Lewis - as well as what his thinking was when investing in Goldman Sachs (NYSE:GS), according to the release of an interview by the Financial Crisis Inquiry Commission.

As far as Bank of America and Ken Lewis, Buffett has scathing remarks concerning Lewis and his acquisition of Merrill Lynch.

Buffett said the price Lewis paid for Merrill Lynch was "crazy." He noted, “He (Lewis) could have bought them the next day for nothing because Merrill was going to go when Lehman went.”

Lewis ended up paying $18.5 million for Merrill in January 2009. Lehman had filed for bankruptcy in January 2008.