Warren buffett gambling bet fresno state12/22/2023 "They haven't made the same sort of mistakes that they made back in 2008 or '09, but they have mismanaged assets and liabilities and bankers have been tempted to do that forever, and then it bites them in a big way." "You don't need to turn a dumb decision by managers into panicking the whole citizenry of the United States about something they don't need to be panicked about," he said. bank."īuffett pointed out that the current banking turmoil does not resemble the environment that triggered the 2008 global financial crisis. Banks have never cost the federal government a dime … Nobody is going to lose money on a deposit in a U.S. "The costs of the are borne by the banks. "People shouldn't be worried about losing their money and their deposits they have in an American bank, but the message has gotten very confused," Buffett told CNBC Wednesday. bank deposits, said Warren Buffett, the billionaire chairman of Berkshire Hathaway. More banks "will go bust," but people should not worry about the safety of U.S. Receive a comprehensive recap of the day's top stories directly to your inbox. Get all the essential market news and expert opinions in one place with our daily newsletter.
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