Warren Buffett says it would have been 'catastrophic' if SVB's depositors lost their money — and shrugs off debt-ceiling fears
"It would have been catastrophic, and that's why they were covered," Buffett said.
"That is not how the US is going to behave, any more than they're going to let the debt ceiling cause the world to go into turmoil," Buffett said about the idea of the government letting depositors lose money from a bank failure.
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