Buffett Says BofA Issues to Take ‘Much Longer’ to Clean Up
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Warren Buffett, whose Berkshire Hathaway Inc. invested $5 billion in Bank of America Corp., said that problems at the biggest U.S. lender by assets will take “much longer” to clean up.
“The bank has a wonderful underlying business -- it’s got lots of problems,” Buffett, 81, told Bloomberg Television’s Betty Liu today in an interview from the floor of the New York Stock Exchange.