Warren Buffet slams executives responsible for failed US banks ...News

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Warren Buffet slams executives responsible for failed US banks
The billionaire investor has accused First Republic of making “crazy” propositions to clients Billionaire investor and philanthropist Warren Buffett slammed executives in charge of failed US lenders, saying they should be held accountable for the mismanagement that resulted in their collapse, Bloomberg reported on Saturday. Speaking at an annual meeting of Berkshire Hathaway shareholders in Omaha, Nebraska, Buffet said First Republic was offering “crazy” non-government-backed mortgages at fixed rates, and in some cases for ten years. Buffet’s longtime business partner, Charlie Munger, previously said that US banks

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