Bad bankers should be punished
原站时间: 2023-05-08T06:57:04+0000
会议年份: 2023
视频ID: 107237190
Using the failure of First Republic after making mistakes in “plain sight” as an example, Warren Buffett argues that when a bank gets in trouble, “both the CEO and the directors should suffer.” And despite his overall concerns about bank stocks, Buffett says he is sticking with Berkshire’s big Bank of America stake because he proposed the $5 billion investment that helped it when it was struggling more than a decade ago.