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A judge approves Berkshire Hathaway's (BRK.B) request for an investigation of a deal ResCap cut...

A judge approves Berkshire Hathaway's (BRK.B) request for an investigation of a deal ResCap cut with parent Ally Financial before it filed for bankruptcy. ResCap already has a deal with Nationstar Mortgage (NSM) and Fortress (FIG) subsidiary Newcastle Investment (NCT) to sell its mortgage servicing assets and Berkshire wants in.
Comments (8)
  • DeepValueLover
    , contributor
    Comments (9170) | Send Message
     
    Warren really wants those ResCap loans!

     

    Why?
    18 Jun 2012, 03:13 PM Reply Like
  • idkmybffjill
    , contributor
    Comments (1696) | Send Message
     
    Maybe some good mortgages in there?
    18 Jun 2012, 03:41 PM Reply Like
  • godalmightee13
    , contributor
    Comments (542) | Send Message
     
    maybe he wants the mortgage holders to default ' so can take all there homes :-O - shiver - shock
    18 Jun 2012, 03:46 PM Reply Like
  • godalmightee13
    , contributor
    Comments (542) | Send Message
     
    Or maybe the Whitehouse is mortgaged and Warren wants a new home on the Hill and ResCap have the key lol. :-/ . I know' I will twitter him, see if we can get a statement :-O.
    18 Jun 2012, 03:56 PM Reply Like
  • idkmybffjill
    , contributor
    Comments (1696) | Send Message
     
    he has a twitter?
    18 Jun 2012, 05:41 PM Reply Like
  • moneyTalksBSWalks
    , contributor
    Comments (193) | Send Message
     
    This development is quite intriguing. My hunch is that St Warren is not personally involved here, one of his two new investment honchos. There has got to be a steep discount for Berkshire to get involved in this fashion.
    18 Jun 2012, 05:30 PM Reply Like
  • tomoldfrt
    , contributor
    Comments (19) | Send Message
     
    I already own Newcastle. Whoopee!
    18 Jun 2012, 06:11 PM Reply Like
  • godalmightee13
    , contributor
    Comments (542) | Send Message
     
    I don't Know idkmybffjill, I would expect so as most do' you may get a comment or not lol :-O... There was a SA article on Newcastle yesterday tho :-/ , It may be worth a read.
    19 Jun 2012, 04:41 AM Reply Like
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