Warren Buffett has held discussions with the Biden administration to help in in the current financial crisis.
Fitz-Gerald Group principal Keith Fitz-Gerald says the bank coalition is not keeping the market afloat because many big traders believe there will be a bailout after the Dow responded negatively to collapses of Signature Bank and SVB.
The Oracle of Omaha has been in touch with Biden administration officials to lend his assistance during the current banking crisis.has had multiple conversations with President Biden's team in recent days, according to Bloomberg. The calls have centered around Buffett possibly investing in the US regional banking sector in some way, but the billionaire Billionaire investor Warren BuffettAmong the companies Buffett has helped in the post areBuffett gave Bank of America a cash injection in 2011 after its stock plunged amid losses tied to subprime mortgages.
In 2008, Buffett gave Goldman a $5 billion lifeline to shore up the bank following Lehman Brothers' collapse.Close-up of sign with logo on facade at First Republic Bank branch in San Ramon, California.This past week, US regulators unveiled extraordinary measures to calm customers, promising to fully pay out uninsured deposits in the failed banks.
Biden’s team created backstops that don’t require direct government spending from taxpayers, including
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