Buffett reportedly spoke to Biden's team about investing in regional banks and gave general advice on how to come out of the current crisis.
over the weekend, giving advice on the tumultuous situation the banking sector is currently navigating.
It wouldn't be the first time that Buffett had intervened to calm the banking sector in turmoil. Back in 2008, at the height of the financial crisis, the guru investor bought $5 billion of preferred stocks in Goldman Sachs Group Inc., tossing the bank a crucial lifeline at a time when many institutions were struggling to strengthen their liquidity.
News of Buffett's involvement in talks about the current banking sector crisis, started by the collapse of Silicon Valley Bank, have been reported by several news media, which have written about heads of regional banks traveling to Omaha, Nebraska, over the weekend.
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