Warren Buffett talks banking crisis with Biden team - Fox Business

The Oracle of Omaha has been in touch with Biden administration officials to lend his assistance during the current banking crisis.

Buffett gave Bank of America a cash injection in 2011 after its stock plunged amid losses tied to subprime mortgages.

Close-up of sign with logo on facade at First Republic Bank branch in San Ramon, California.

This past week, US regulators unveiled extraordinary measures to calm customers, promising to fully pay out uninsured deposits in the failed banks.

The crisis began when Silicon Valley Bank, the nation’s 17th largest, was shut down by the FDIC a week ago as regulators moved to protect customers as it faced a liquidity crunch following a $2 billion loss.

Federal regulators last Sunday, said New York-based Signature Bank was being shut down to protect consumers and the financial system following the collapse of SVB.