Post #1263 by hclasvegas on the Berkshire Hathaway board

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'' Billionaire investor Bill Ackman, who said he has no investments in the banking sector, criticized the move, and said it spreads the First Republic default risk to the largest U.S. banks. 'Spreading the risk of financial contagion to achieve a false sense of confidence in First Republic Bank is bad policy,' he said in a tweet.''

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