Warren Buffett Defends Clayton Homes and IBM Stake

(May 4, 2015) In a live appearance on CNBC’s “Squawk Box” the Monday morning after Berkshire’s 2015 shareholder meeting celebrated 50 years of Warren #Buffett in charge at #Berkshire, he defends Clayton Homes against predatory lending accusations and explains his long-term optimism on IBM. The CEOs of Berkshire’s four biggest stock stakes discuss what it’s... Continue Reading →


Defend Clayton Homes

(May 2, 2015) A Seattle Times story accused Clayton Homes of predatory lending practices. Warren Buffett defends Clayton, saying it “has been exemplary” in lending intelligently.

Don’t Blame the Government

(May 4, 2013) In looking back at the housing bubble, Warren Buffett and Charlie Munger say it was fueled by a “bandwagon effect” as people wanted to get in on easy money. They argue it would have been difficult for the government to take the “punch bowl away from voters who wanted to get drunk.”

Defending Moody’s

(May 2, 2009) Amid heavy criticism of credit rating agencies for failing to warn investors about the potential dangers of mortgage-backed securities, Warren Buffett defends Moody’s … and #Berkshire Hathaway’s big stake in the company.

Hope For A Turnaround

(May 2, 2009) After the credit crisis peaked in late 2008, Warren Buffett is cautiously optimistic, telling shareholders “the situation is getting corrected.” But, he warns, the problem won’t be solved quickly.

Predicts Unprecedented Shock Waves

(May 3, 2008) At the 2008 #Berkshire Hathaway Annual Meeting, as the situation worsens, Warren Buffett says fallout from the real estate bubble is hurting the economy in ways he’s never seen before.

Economic Impact of Subprime Loans

(May 7, 2007) At the 2007 Berkshire Hathaway Annual Meeting, home prices start declining and some borrowers default on their loans. Looking ahead, Warren Buffett predicts that while this will be a “big problem” for the institutions and individuals involved, he doesn’t expect it to have a significant impact on the economy as a whole.

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