Warren Buffet has been dumping his bank positions because banks go bankrupt. One example other than the famous one in 2008 is the "Savings and Loan Crisis" that took place mid-80s to the 90s. It's when over 30% of all Saving and Loan Associations in America failed, and it ended up costing taxpayers over 100 billion dollars while bankers got bailed out (as is tradition.)
Why is Buffet selling bank stocks?
Why is Buffet selling bank stocks?
Why is Buffet selling bank stocks?
Warren Buffet has been dumping his bank positions because banks go bankrupt. One example other than the famous one in 2008 is the "Savings and Loan Crisis" that took place mid-80s to the 90s. It's when over 30% of all Saving and Loan Associations in America failed, and it ended up costing taxpayers over 100 billion dollars while bankers got bailed out (as is tradition.)