LIVE: Warren Buffett Is Speaking On CNBC
Former Treasury Secretary Hank Paulson is also on CNBC.
During this segment, he's expected to talk about the government shutdown, the debt ceiling and the five-year anniversary of the financial crisis.
Today is the anniversary of TARP-Troubled Asset Relief Program.
Sorkin asked him if he thinks years from now if people will appreciate TARP.
"I think there will be. At the time...Hank was in a very tough position. If he told how bad things were, it would have made it worse. Some people didn't appreciate the need...."
Sorkin asked Buffett about whether or not banks are "Too Big To Fail."
"They're not that big on a relative basis around the world," Buffett says.
As for "Too Big To Manage," Buffett says things will go wrong and big institutions and small institutions. He says the "London Whale" at JPMorgan isn't a big problem for the bank.
Stay tuned for more.