. " But Sloan is gone now after political pressure to make more drastic changes to the bank in the wake of the fake accounts sales scandal two years ago.
Buffett's ramped-up bets on the big banks have yet to pay off. The S&P 500 financial sector lost nearly 15% in 2018, led by scandal-ridden Goldman Sachs and Wells Fargo, which fell more than 34% and 24% respectively last year. Bank of America also lost more than 16% in 2018.The billionaire investor has admitted he's less bullish on the soda company than he used to be. He said in"There's a huge loyalty factor, but it's not as strong as it was," he said then.
Wall Street is running a big Ponzi scheme and that why 80% of the population live paycheck to paycheck. Most people who buy stocks lose their money.