Buffett predicts more bank failures to come.

Warren Buffett believes that there could be more bank failures in the future, but depositors should not worry as the system is set up to protect their deposits. He also highlighted some of the "dumb" things that banks do periodically, including having mismatched assets and liabilities as well as questionable accounting. Buffett stressed the importance of banks retaining the confidence of the public, as they can lose it in seconds. He also reminded the public that the costs of the FDIC are borne by the banks and that nobody will lose money on a deposit in a U.S. bank.