Warren Buffett's Berkshire Hathaway Inc. has told one of its subsidiaries to stop insuring bank deposits above the amount guaranteed by the federal government, dealing a fresh blow to the financial-services industry as it tries to assuage anxious customers.
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What Really Happened: Berkshire, in Blow to Banks, Reins In Its Deposit Insurer
By mememan - Posted on September 11th, 2008
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