Buffett Guarantees US Banks

Buffett Bank of America

In a Bloomberg exclusive, the Oracle of Omaha guaranteed that banks free of excess liabilities have hoarded enough reserve capital to protect against any similarly future crisis. Granted, Buffett also owns a major holding of Bank of America stock and options, gained from supporting the failing firm during the height of the crisis, that are valued around $8.5 billion (depending when Berkshire exercises the options).



[Photo: Flickr/Medill DC]