Warren Buffett Talks With Biden Officials About Possible Bank Investment: Report | Eastern North Carolina Now

    Publisher's Note: This post appears here courtesy of the The Daily Wire. The author of this post is Daniel Chaitin.

    Billionaire investor Warren Buffett reportedly spoke with Biden administration officials in recent days about contending with the banking crisis.

    No formal statement has been released about the conversations, but sources told Bloomberg News they focused, in part, on investments into the U.S. regional banking sector.

    Buffett, 92, also offered broad advice on how to deal with the financial situation, per the report.

    News of the talks come after Silicon Valley Bank, Signature Bank, and Silvergate Bank collapsed this month, after which the federal government took steps to protect depositors.

    Treasury Secretary Janet Yellen assured Congress last week that the U.S. financial system "remains sound," and 11 major banks offered $30 billion in deposits to assist the struggling First Republic Bank.

    Still, concerns about a looming recession linger, and the markets have been volatile.

    Buffett, who runs Berkshire Hathaway, has a history of stepping in to help banks in distress over the years.

    Berkshire Hathaway put $5 billion into Goldman Sachs to help steady it during the 2008 global financial crisis. Buffett also invested $5 billion in Bank of America during the 2011 debt-ceiling crisis.

poll#178

Considering the current overwhelming obstacles inflicting stress upon America's working class: rampant inflation; energy insecurity; supply chain turmoil; banking failures; foreign policy disasters; government corruption; (DEI) Diversity Equity Inclusion narrative, with WOKE extremes practiced; Climate Change ideology; intractable crime wave in Leftist cities; wide open border by executive design; a permanently discredited Legacy Media; failed or failing education industry, just to name a few of the many: Who should Americans blame?

  Donald J. Trump

  Joseph R. Biden

  Leftist controlled Congress for the last 4 years.

  Bloated, incompetent bureaucracy weaponized and poorly managed

  The electorate, US, for putting these fools in elected office that utterly fail

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