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Buffett: Do not panic about U.S. banks and deposits
- scottiebarnes 4y agoTranslation: "I own lots of bank stocks. Don't screw this up for me."
- up2isomorphism 4y agoAnd I want bet 5 dollars for what I have claimed.
- stormfather 4y agoThat's quite cynical. If he still holds bank stocks he clearly doesn't expect trouble himself.
- scottiebarnes 4y agoPerhaps. Buffett isn't exactly playing the same game as the rest of us. He's one the few people the government calls and asks for assistance in bailing out private banks, or assuring the public by investing in them. https://www.livemint.com/news/world/how-warren-buffett-rescued-us-biggest-banks-from-financial-crisis-11679204858507.html https://www.livemint.com/news/world/how-warren-buffett-rescu...
- czl 4y agoWhen people panic about small banks they flee to big ones and Buffet would benefit from _some_ panic: > Berkshire's equity portfolio includes several banks, including a $34.2 billion year-end stake in Bank of America Corp