Buffett in talks with Biden team over banking crisis.

Warren Buffett has been in contact with senior officials in the Biden administration as the regional banking crisis unfolds. It is unclear what role he may play to contain the crisis after the failures of Silicon Valley Bank, Signature Bank, and Silvergate Capital Corp. Buffett has a history of stepping in to aid banks in crisis, leveraging his investing status and financial heft to restore confidence in ailing firms. The Biden administration has moved to orchestrate backstops that don't require direct government spending from taxpayers, including the Federal Reserve's actions.