From Newsmax:

Warren Buffett attacked the government's stress tests of 19 large U.S. banks, saying they failed to properly assess the industry's health, and that he would buy more shares in three big banks Berkshire Hathaway Inc already owns.

Three Berkshire holdings, Wells Fargo & Co, U.S. Bancorp and SunTrust Banks Inc are among 19 large banks the U.S. government is stress testing to gauge whether they need more capital to survive a deep recession.

Buffett said Wells Fargo, U.S. Bancorp, and a third Berkshire holding, M&T Bank Corp, do not need more equity capital, and "we would buy stock in any of the three banks at present prices."

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