The economy is weakening and financial stocks are getting pounded, including Goldman Sachs, Wells Fargo, Travelers, American Express and Bank of America, companies that BRK has a vested interest in.
The other 14 banks American Express, Bank of America, Bank of New York Mellon, Capital One Financial, Citigroup, Fifth Third Bancorp, KeyCorp, Morgan Stanley, PNC Financial Services, Regions Financial, State Street, SunTrust Banks, US Bancorp and Wells Fargo received an unconditional green light from the Fed.