Warren Buffett phoned Treasury Secretary Hank Paulson with a stimulus idea when the financial crisis ...

REUTERS/Jim Young Warren Buffett phoned Treasury Secretary Hank Paulson at the height of the 2008 financial crisis with a suggestion that likely saved the US economy from an even deeper recession.The famed investor and Berkshire Hathaway CEO proposed the government plow capital directly into banks instead of only buying their distressed assets.Paulson quickly gathered the bosses of the nation's biggest banks and convinced them to accept billions of dollars in investment.The Treasury demanded preferred stock paying...