American billionaire Warren Buffett said that the US government's handling of the regional banking crisis was weak. The crisis has hit 4 regional banks in the United States, 3 of which were later acquired by other institutions with the help of the authorities.
The Federal Deposit Insurance Corporation has made the controversial decision to subsidize their uninsured deposits to ward off infections that could infect other banks. Buffett: "The handling was very weak, it was weak by politicians who sometimes had an interest in being so, and weak by government agencies. I say he was weakened by the press."