Mr. Buffett Warns of Banking System Vulnerabilities, Urges Fed to Prioritize Stability

'Both Strong and Vulnerable'

On March 31, Warren Buffett, Chairman of Berkshire Hathaway, appeared on a CNBC program, expressing his concerns about the stability of the banking system. As the interconnections between banks and non-bank institutions deepen, he argued that maintaining the stability of the financial system should be the Federal Reserve's top priority.

Mr. Buffett described the current banking system as 'in some ways very strong, yet in other ways very vulnerable.'...