Buffett Tried To Buy Rescap Before Bankruptcy – ValueWalk Premium
Berkshire Hathaway B shares Warren Buffett

Buffett Tried To Buy Rescap Before Bankruptcy

Bloomberg has reported today that Warren Buffet, CEO of Berkshire Hathaway Inc. (NYSE:BRK.A), (NYSE:BRK.B), attempted to buy the mortgage lender ResCap before the company announced its bankruptcy. The company sought bankruptcy protection last Monday after losses at the firm from bad loans continued to increase and the company faced liabilities from separate court proceedings.

Buffet, according to . . .

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