Berkshire Hathaway (BRK.B) offers to buy the mortgage division and loan portfolio of ResCap -...


Berkshire Hathaway (BRK.B) offers to buy the mortgage division and loan portfolio of ResCap - the newly bankrupt subsidiary of Ally Financial. A legal battle is shaping up as Berkshire wants to replace Fortress (FIG) - which already has a deal with ResCap - as the "stalking horse" bidder.
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Comments (3)
  • remurraymd
    , contributor
    Comments (2274) | Send Message
     
    Yet another ho hum acquire to go with crap paper and car companies for (BRK.B) just another no diviend mini-mutual fund massively under performing quality growth dividenders like (http://bit.ly/pFSoX2) (http://bit.ly/IIcNQc) (http://bit.ly/zV2fzB) if back tested X 5-10 years.
    Missing the decades long bull run in Tech and Gold has been A FATAL performance mistake for Warren and Charlie.Tough to teach arrogant stubborn old dogs new tricks.Time to retire.
    12 Jun 2012, 08:08 AM Reply Like
  • krabber
    , contributor
    Comments (14) | Send Message
     
    guessing you are still working on your first billion.
    13 Jun 2012, 03:02 AM Reply Like
  • SteinwayCapital
    , contributor
    Comments (219) | Send Message
     
    interesting new bet on mortgage space... this validates in part my thesis for CT, DFR, SNFCA...

     

    intriguingly Bexil a closed end fund associated with Winmill's and Midas Gold Fund also invested heavily in mortgage origination market..

     

    if Berkshire has missed out on gold, how about the gold bulls piling personal closed end money into mortgage origination market.

     

    I can see how and why Berkshire would see value in this.
    12 Jun 2012, 10:08 AM Reply Like
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