-
Buffett faults US government handling of banking crisis
Investment tycoon Warren Buffett said Saturday that messaging from the US government over the regional banking crisis had been “poor,” suggesting that is why confidence has not returned among consumers. Four regional banks have been caught up in crisis since the beginning of March in the United States, three of them subsequently taken over by other institutions with the help of authorities. For two of them – Silicon Valley Bank (SVB) and Signature Bank – the Federal Deposit Insurance Corporation (FDIC) took the controversial decision to support their uninsured deposits, citing fears of contagion. By law, the ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- May 7, 2023 3:36pm May 7, 2023 3:36pm
- qp2
- Joined Jul 2009 | Status: Member | 114 Comments
- Comment #2
- Quote
- May 7, 2023 4:29pm May 7, 2023 4:29pm
- Guest
- | IP XXX.XX.204.148
- Comment #3
- Quote
- May 7, 2023 5:31pm May 7, 2023 5:31pm
- BDC999
- | Joined Aug 2022 | Status: Member | 71 Comments
- Comment #4
- Quote
- May 8, 2023 12:51am May 8, 2023 12:51am
- qp2
- Joined Jul 2009 | Status: Member | 114 Comments