Buffett faults US government handling of banking crisis
Warren Buffet slams the US government's response to the regional banking crisis, suggesting that is why confidence has not returned among consumers. – EPA pic, May 7, 2023.
INVESTMENT tycoon Warren Buffett said yesterday that messaging from the US government over the regional banking crisis had been “poor,” suggesting that is why confidence has not returned among consumers. Four regional banks have been caught up in crisis since the beginning of March in the United States, three of them subsequently taken over by other institutions with the help of authorities.
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