Warren Buffett has made a statement, saying that he "guarantees" that banks won't get the U.S. in trouble again. In this video, Motley Fool financial analysts Morgan Housel and Matt Koppenheffer affirm that they assume he didn't mean that the banks won't "ever" get the U.S. in trouble again, because while the near term looks good, the banking sector and banking crises are reliably cyclical, and that cyclical behavior is almost certainly not behind us.
Matt Koppenheffer owns shares of Berkshire Hathaway and Bank of America. Morgan Housel has no position in any stocks mentioned. The Motley Fool recommends Berkshire Hathaway, Goldman Sachs, and Wells Fargo. The Motley Fool owns shares of Bank of America, Berkshire Hathaway, and Wells Fargo. Try any of our Foolish newsletter services free for 30 days.