This mornings Wall Street Journal offers a little food for thought. There is talk in the investment world that Berkshire Hathaway may be in the market to purchase certain parts of Countrywide’s business. Well all know that Mr. Buffet loves a good buy and currently Countrywide’s stock has been beaten down by the turmoil in the credit markets. Berkshire Hathaway already has significant holdings in Wells Fargo Bank and Bank of America so the addition of infrastructure from a significant player like Countrywide along with the existing joint venture with Wells Fargo would have a dramatic effect on the mortgage landscape.
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