Warren Buffett (CEO of Berkshire Hathaway) recently sat down with Charlie Munger to host the Berkshire Hathaway Annual Shareholder Meeting, where he spoke at length about the current banking crisis in the U.S. as well as what it means in terms of the U.S. economy and the 2023 recession. Thanks to Seeking Alpha for sponsoring our trip! Check out Seeking Alpha Premium today and score a 14 day free trial. Affiliate link - New Money Clips: My Podcast: ★ ★ PROFITFUL ★ ★ Learn to Invest with Brandon van der Kolk (BUNDLE OFFER) ► Learn to Master Your Tax Return (SPECIAL OFFER) ► ★ ★ CONTENTS ★ ★ 0:00 Catastrophic Consequences for America if the Banks Failed 1:23 Fed's Response was Inevitable 3:00 Warren Buffet''s Outlook on the Banks 4:35 Buffett Explains the Best Solution for Bank Runs 6:30 Buffett Explains Who is to Blame 7:55 Bank CEOs Playing With Fire 9:00 Bank Managers Should Be Punished 10:27 Buffett Explains Why He Sold Bank Stocks DISCLAIMER: Nei
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)