“Warren Buffett, the billionaire investor who oversees stakes in some of the largest U.S. banks, said the nation’s lenders have rebuilt capital to the point where they no longer pose a threat to the economy. Buffett’s firm has investments in at least four of the seven biggest U.S. lenders by assets, including a stake of more than $14 billion in San Francisco-based Wells Fargo & Co. (WFC), $5 billion in Bank of America and warrants that allow it to buy $5 billion of Goldman Sachs Group Inc. shares. Berkshire also has a holding in U.S. Bancorp.”
Buffett Says Banks Free of Excess, Pose No U.S. Threat
- Post author:The Freedom Watch Staff
- Post published:January 13, 2013
- Post category:Network Archives
Tags: American Ruling Class, Bankocracy, CLibertyC, constitutional liberty coalition, crony capitalism, economic Trends, for life and liberty, Mainstream News, Resistance, sound money, The Freedom Watch
The Freedom Watch Staff
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