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Warren Buffett didn't just make shocking comments on banking system, he's already acting on them.

Eurodollar University

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Warren Buffett's Defensive Instincts to Get Out of the Banking Sector

As banks act on the lessons of Bear Stearns, they build up cash cushions and de-risk their portfolios. The longer it takes for those ebbs in emergency funding, the more you know the lessons of bear sterns are being acted upon. I think that's where Warren Buffett is starting to get his senses out, his defensive instincts to get out of the banking sector before there is much heavier fallout.

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