Buffett Says No Apologies for Clayton Loans Called Abusive
Berkshire Hathaway Inc. CEO Warren Buffett
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(Bloomberg) -- Warren Buffett said the Clayton Homes unit owned by his Berkshire Hathaway Inc. has behaved well and an article that questioned the business’s practices contained important errors.
Clayton is “rather extraordinary in the home-building and mortgage business,” Buffett said Saturday during Berkshire’s annual meeting in Omaha, Nebraska. He said he’ll offer “no apologies” for the operation.