Warren Buffett has weighed in on bank runs, bailouts, and deposit insurance over the years. AdvertisementSilicon Valley Bank, Signature Bank, and Silvergate have all folded in recent days, fanning fears of a banking-sector meltdown and full-on financial crisis. Warren Buffett, the world-famous stockpicker who runs Berkshire Hathaway, has been studying and investing in banks for more than five decades. Some of his past remarks are strikingly relevant to the current furore around bank runs, government bailouts, deposit insurance, and poor risk management. (Buffett was complaining that banks with FDIC-insured deposits, and other lenders with government guarantees, had minimal money costs and could borrow easily.

Source: Mint March 20, 2023 00:52 UTC