nationalizing

Nationalizing Banks Is The Greatest Solution

During international pandemics or worldwide healthcare considerations, consultants typically flip to the stock market to look at how traders and business respond to fears. Berkshire Hathaway , in some methods, defies being confined to one sector or one other. It is a holding company really, run by the Oracle of Omaha himself, Warren Buffett. Still, Berkshire is more a financial than anything else: Berkshire grew to become a powerhouse largely by means of insurance, taking in premiums and reinvesting them in undervalued securities. And immediately BRK does function partly as a financial institution, really – a mortgage shark for Wall Street, in a position to charge practically usurious rates of return in exchange for fast money. It additionally owns a $240 billion portfolio of securities that includes large stakes in the three most precious banks in the U.S.: JPMorgan Chase & Co. ( JPM ), Financial institution of America Corp. …