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- Loews CEO James Tisch used a colorful Warren Buffett quote to describe the recent banking chaos.
- The insurance, energy, and hotel company's boss praised regulators for staving off catastrophe.
- Tisch warned of more turmoil ahead, and urged the Fed to pause its rate hikes for three months.
Loews CEO James Tisch employed one of Warren Buffett's favorite maxims to describe what happened during the recent banking fiasco. He also praised regulators for acting swiftly to stop the bank failures from escalating into a financial crisis, but warned there could still be more collapses to come.