Buffett on the regional bank crisis: ‘Messed up’ incentives and ‘poor’ communication

Warren Buffett vented his frustrations about the banking industry during Berkshire Hathaway’s annual meeting Saturday, blasting “messed up” incentives that allow executives to escape accountability for mistakes and “poor” communication to the American public about the safety of customer deposits. The FDIC and the US government “have no interest in having a bank fail and…

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