Buffett says donors should sue Edwards

Billionaire investor Warren Buffett says campaign donors could sue John Edwards.

Buffett, an Barack Obama supporter, speaking to CNBC anchor Becky Quick on Friday said that Edwards was misleading donors by assuring them there was no truth to a tabloid report that he had an affair. Edwards has acknowledged having an affair with campaign videographer Rielle Hunter.

He has a responsibility to the donors who sent in small amounts, Buffett said.

They sent it in while they were being misled by the person who was soliciting the money from them. You know, I think if I were Edwards, I might give up a haircut or two and refund at least, you know the people that gave the $50 or $100, $200 dollar items because if they had known the facts, they wouldn't have sent him the money and he was the guy that didn't give them the facts. I mean he knew that in effect he would not be elected president.

Buffett goes on to say that a class action lawsuit by donors might have a chance of success, although he's heard no rumblings of such a lawsuit.

"I've seen a lot of class action suits with less to it than this particular case," Buffett said. "The facts are clear. He solicited money and he wasn't telling the truth to people he was soliciting it from."

Hat Tip: American Thinker