Warren Buffett and his conglomerate Berkshire Hathaway Inc. have made oodles of cash, even in recent tough economic times. But does its size mean that it deserves tougher governmental regulation? One body of top financial regulators believes that it might.
The Financial Stability Oversight Council (FSOC) has begun examining whether Berkshire Hathaway poses risk to the financial system, according to The Wall Street Journal. The FSOC could designate Berkshire Hathaway as a systemically important financial institution (SIFI), which would subject it to tougher governmental oversight by the Federal Reserve.