Warren Buffett faults US handling of banking crisis‘SHOULDN’T HAPPEN’: The US government failed to allay consumer fears, despite taking extraordinary measures to prevent a larger crisis, Warren Buffett saidAFP, NEW YORKInvestment tycoon Warren Buffett on Saturday said that messaging from the US government over the regional banking crisis had been “poor,” suggesting that is why confidence has not returned among consumers. Berkshire Hathaway Inc chairman Warren Buffett walks through an exhibit hall at the firm’s annual shareholder meeting in Omaha, Nebraska, on Thursday. Yet, despite that extraordinary step, consumers are still worried, Buffett said at a shareholder meeting of his holding company, Berkshire Hathaway Inc, in Omaha, Nebraska. “It’s been poor by the politicians who sometimes have an interest in having it poor, it’s been poor by the agencies. On Saturday, Berkshire Hathaway reported a US$35.5 billion profit for the first quarter alone, largely due to strong financial markets.

Source: Taipei Times May 08, 2023 03:31 UTC