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Berkshire, in Blow to Banks, Reins In Its Deposit Insurer - WSJ.com
by Mike the Usurper at 4:18 pm EDT, Sep 10, 2008

Warren Buffett's Berkshire Hathaway Inc. has told one of its subsidiaries to stop insuring bank deposits above the amount guaranteed by the federal government, dealing a fresh blow to the financial-services industry as it tries to assuage anxious customers.

If you needed an OMG! moment, there it is. Katie bar the door.