I don't think you can find a more bearish sign on banks than the recent decision by Warren Buffett to stop insuring deposits above those guaranteed by the federal government. According to the article they have insurer over 1500 banks in 30 states. I don't think this is being prudent. They will be very hard pressed to get this business back if things normalize and turn up. I think this is one of those huge moves where actions are louder than words by Mr. Buffett.
http://online.wsj.com/article/SB122101423745118083.html?mod=mktw
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.
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