Buffett sees opportunities in subprime business
Technorati Tags: Warren Buffett,subprime
NEW YORK, June 25 (Reuters) - Warren Buffett, chief executive of Berkshire Hathaway, sees some opportunities for investing in the subprime mortgage business, he told Reuters in an interview on Wednesday.
Buffett said Berkshire Hathaway had already made some subprime investments through its Clayton Homes manufactured housing unit.
“We have bought some subprime paper […]
Buffett moving his chess piece on the monolines
Drizzt:
Many would have asked the question of why haven’t Buffett through Berkshire Hathaway buy a stake or any sizable chunk now that the financials are in abit of a disaster. Buffett attributes the lack of activity in this area to a lack of understanding in the size and complexity of the problems.
However, this week, we […]
