Bailout players consulted 'world's richest man'

WASHINGTON (CNN) - Billionaire Warren Buffet warned congressmen
negotiating over the White House's proposed $700 billion financial bailout plan
that if no agreement is reached, the nation will face "its biggest financial
meltdown in American history," two sources familiar with the talks told CNN.

Buffet, who Forbes magazine has named No. 1 on their 2008 list of the
world's richest people, was one of several business experts whose opinions were
sought, Sen. Kent Conrad, D-N.D., told reporters Saturday. Buffet was consulted
by telephone.

Buffet is chairman and CEO of Berkshire Hathaway Inc. His wealth is
estimated at $62 billion.