This weekend’s annual Berkshire Hathaway shareholders meeting comes at a time when some banks in the U.S. are in trouble and the stock market is questionable at best.
f buffett has been in touch with biden for two reasons, one to discuss this. and also to provide investment in regional banks. we know warren buffett is no strange to the banking sector. his holding company, berkshire hathaway holds ventures in citi, american express, visa, we should note that either the white house or treasury are confirming this, we ve reached out, haven t heard back. but obviously, from the oracle of omaha would be one way to restore confidence in the banking system. to look at what is happening today, they ve been mixed from the selloff. first republic back down 48%. in the last few officials a u.s. official briefed reporters wha is going on in the banking sector, this official said the
bloomberg is reporting berkshire hathaway s warren buffett has been in touch with the biden administration in recent days, following the collapse of silicon valley bank. cnn has not independently confirmed the calls. we re joined by cnn s matt egan. tell us what you know about this. they obviously don t call him the oracle for nothing, right? that s right, boris. warren buffett has a long history of betting on america including times of stress. back in 2008, september 2008, he invested in goldman sachs. in 2011, he put a lot of money into bank of america. bloomberg is reporting that wuf