The Biden regime is at the end of its rope.
Economists now estimate that 186 US banks could be subject to the same risks as Silicon Valley Bank. That number is likely higher as the pressures regional banks face intensify.
This number comes from a recent economic study published on March 13.
Treasury Secretary Janet Yellen told the US Senato on Thursday that not all deposits uninsured would be protected in the event of future bank failures, ONLY banks that present systemic risks. The regional banks will be had.
Late last week, the Biden regime brought in Warren Buffett as the regional banking crisis worsened. The Biden regime is asking Buffett to somehow invest in the US regional banking sector.
Via Bloomberg:
Warren Buffett of Berkshire Hathaway Inc. has been in touch with senior officials in President Joe Biden’s administration in recent days as the regional banking crisis unfolds.
There have been several conversations between Biden’s team and Buffett over the past week, according to people familiar with the matter, who asked not to be identified because the information is private. The calls focused on whether Buffett might invest in regional US banking in some way, but the billionaire also offered broader advice and guidance on the current turmoil.
Buffett has long stepped in to help banks in crisis, leveraging his cult investor status and financial clout to restore confidence in struggling companies. Bank of America Corp. won a capital injection from Buffett in 2011 after its stock plunged amid subprime mortgage losses. Buffett also threw a $5 billion lifeline at Goldman Sachs Group Inc. in 2008 to shore up the bank after the collapse of Lehman Brothers Holdings Inc.
Representatives for Berkshire Hathaway and the White House did not immediately respond to requests for comment. US Treasury Department officials declined to comment.
US regulators unveiled extraordinary measures to appease customers last weekend, promising to fully reimburse uninsured deposits at failing banks. Shares of regional banks continued to fall this week on fears the pain could spread.
More than 20 private jets landed in Omaha on Saturday afternoon. The jets came from regional bank headquarters, ski resorts and Washington DC.
fuzzy panda reported:
The private jets arrived in Omaha in several groups. Sometimes landing around the exact same time.
Did Buffett schedule meetings with different groups of CEOs every hour?
Number of Jets arriving:
5~10am (east)
3 p.m. ~ 2 p.m.
5 p.m. ~ 3:30 p.m.
5 p.m. ~ 5 p.m.
6 p.m. ~ 6:15 p.m.
3:00 p.m. ~ 7:30 p.m. pic.twitter.com/68Ok6zl8cA— FuzzyPanda ???????? (@FuzzyPandaShort) March 17, 2023
Our list of private jet flights from Omaha yesterday.
Who slept well in their own bed last night with a Buffett offer in their back pocket?
*Note – removal of small planes and Omaha based cos like Conagra* pic.twitter.com/8peIY4OMv2
— FuzzyPanda ???????? (@FuzzyPandaShort) March 17, 2023
We tracked private jets in and out of Omaha using ADSB exchange.
Next, we searched each plane. The high traffic volume for KOMA (the private part of OMA airport) yesterday was very unusual.https://t.co/TVv0ks9hfw
— FuzzyPanda ???????? (@FuzzyPandaShort) March 17, 2023
Today’s Bloomberg story says what we said yesterday is true.https://t.co/MnW0c9oIOT
— FuzzyPanda ???????? (@FuzzyPandaShort) March 19, 2023
