Warren Buffett criticized the US government’s poor messaging regarding the regional banking crisis, which has prevented consumer confidence from returning. Four regional banks have been caught up in the crisis, with three taken over by other institutions with government assistance. The Federal Deposit Insurance Corporation (FDIC) insured all deposits for two banks, including those above the legal limit. However, consumers remain worried, according to Buffett, who spoke at a Berkshire Hathaway shareholder meeting.
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Article Name
Buffett criticizes US government's handling of banking crisis
Description
Warren Buffett criticized the US government's poor messaging regarding the regional banking crisis, which has prevented consumer confidence from returning.
Author
Susan Jane
Publisher Name
CNA
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