America: Billionaire Warren Buffett steps up to stop the banking crisis, meets US President Joe Biden. Loktej World News
World-renowned billionaire Warren Buffett has contacted US President Joe Biden’s team to stop and find a solution to the ongoing banking crisis in America. A news agency has reported the conversation between Buffett and the Biden administration. During this meeting, Warren Buffet told about the special measures to prevent the crisis of Silicon Valley Bank, Signature Bank and Silvergate Capital Corp. It is expected that Warren Buffett is investing in the banking sector, but not much information has been revealed about it yet.
Several talks with Biden’s team
In the past week, there have been several talks between Biden’s team and Buffett. However, such information is not shared but kept confidential. It is expected that Buffett may make some big investments in the banking sector.
History of Crisis Management
This is not the first time that Warren Buffett has come forward to help banks. Buffett has a history of investing in the banking sector and helping out in crises. In 2011, Buffett helped Bank of America Corp. Buffett gave $5 billion to Goldman Sachs Group Inc. in 2008 to shore up the bank following the collapse of Lehman Brothers Holdings Inc.