Reuters - Berkshire Wins ResCap Loan Portfolio

Warren Buffett's Berkshire Hathaway Inc. won a bankruptcy auction for a Residential Capital LLC loan portfolio with a $1.5 billion bid, ResCap said on Thursday. Berkshire had been the opening bidder for the portfolio of 47,000 whole loans at $1.44 billion. A sale approval hearing is scheduled for Nov. 19 before the bankruptcy court, Reuters wrote.

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