Godlike Productions - Conspiracy Forum
Users Online Now: 2,416 (Who's On?)Visitors Today: 928,648
Pageviews Today: 1,133,754Threads Today: 175Posts Today: 3,386
10:29 AM

Rate this Thread

Absolute BS Crap Reasonable Nice Amazing

Buffett: Banks Victimized by Evicted Homeowners

Anonymous Coward
User ID: 4315279
United States
02/27/2012 07:52 PM
Report Abusive Post
Report Copyright Violation
Buffett: Banks Victimized by Evicted Homeowners
[link to www.bloomberg.com]

Warren Buffett, who controls the biggest shareholding of the No. 1 U.S. mortgage lender, said banks were victimized by some homeowners who refinanced their loans before getting evicted.

“Large numbers of people who have ‘lost’ their house through foreclosure have actually realized a profit because they carried out refinancings earlier that gave them cash in excess of their cost,” Buffett, chairman and chief executive officer of Berkshire Hathaway Inc. (BRK/A), said Feb. 25 in his annual letter. “In these cases, the evicted homeowner was the winner, and the victim was the lender.”

tissue skull_fing


This Flag Represents The Principle, "Fight For What You Believe In."

This Is The Rebel Flag, "You're Either Free Or You're Not."