Berkshire Hathaway's stock falls 6%

[Bindare_Dundat]

Warren Buffett's holding company sinks to a 5-1/2-year low on exposure to banks and concerns about derivatives.

Shares of Warren Buffett's Berkshire Hathaway Inc. sank Friday to their lowest level in 5-1/2 years amid concern the insurance and investment company could suffer big losses from bets on world stock markets and U.S. banks.

Berkshire's Class A shares fell as much as 6.2% to their lowest level since August 2003, before regaining some ground after the White House said it strongly believed the U.S. banking system should stay in private hands, and not be nationalized. Still, Berkshire's market value has fallen more than $115 billion in fewer than 15 months, Reuters data show

[Soul Crusher]

Warren Buffett's holding company sinks to a 5-1/2-year low on exposure to banks and concerns about derivatives.

Shares of Warren Buffett's Berkshire Hathaway Inc. sank Friday to their lowest level in 5-1/2 years amid concern the insurance and investment company could suffer big losses from bets on world stock markets and U.S. banks.

Berkshire's Class A shares fell as much as 6.2% to their lowest level since August 2003, before regaining some ground after the White House said it strongly believed the U.S. banking system should stay in private hands, and not be nationalized. Still, Berkshire's market value has fallen more than $115 billion in fewer than 15 months, Reuters data show

he has gotten rocked in his GE investment.

[Hereford]

The federal government needs to bail him out.