OMAHA, Neb. (AP) — Billionaire Warren Buffett says American banks are stronger than they've been in years, and won't derail the economy.
Buffett, who is the chairman and CEO of Berkshire Hathaway Inc., told Bloomberg television that he guarantees "the banks will not get this country in trouble."
Berkshire Hathaway has large investments in Wells Fargo & Co., U.S. Bancorp and Bank of America, and Buffett pays close attention to their condition. Berkshire also holds warrants to buy $5 billion in Goldman Sachs shares.
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