May
05
Posted (Roy McKenzie) in news on May-5-2008

Doing his part to stabilize the economy, Warren Buffet, chairman of Berkshire Hathaway, bought up portfolios of subprime mortgages and promised not to reset their rates.

Borrowers of the Berkshire Hathaway subsidiary Clayton Homes will be receiving letters letting them know their rates won’t be upped regardless of any economic factors.

Thanks Warren, what a nice guy.


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