'Look at the deal that Warren Buffett did': Mark Cuban said US officials should channel the investor in Boeing bailout talks - Creak News

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'Look at the deal that Warren Buffett did': Mark Cuban said US officials should channel the investor in Boeing bailout talks

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Warren BuffettAP / Seth Wenig

  • Billionaire Mark Cuban called on US officials to channel one of America's best-known dealmakers ahead of potential bailout talks with Boeing this weekend.
  • "We'll use what Warren Buffett did with Bank of America, when he gave them $5 billion and asked for warrants, and he made $12 billion off the warrants," the "Shark Tank" star  told CNBC on Thursday.
  • "If I'm negotiating for the taxpayer," Cuban added, "I'm asking for everything plus the kitchen sink."
  • "We can't let anything happen to Boeing," President Donald Trump said on Friday.
  • Visit Business Insider's homepage for more stories.

Billionaire Mark Cuban called on the Trump administration to emulate a legendary dealmaker if it decides to bail out Boeing, ahead of its talks with the troubled airplane manufacturer this weekend.

"We'll use what Warren Buffett did with Bank of America, when he gave them $5 billion and asked for warrants, and he made $12 billion off the warrants,"  the "Shark Tank" star  told CNBC on Thursday. "That's the exact same type of deal that I would cut."

See the rest of the story at Business Insider

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