Short-Seller Nailed Home Capital, Then Got Stung by Buffett
- Cohodes says lender’s Berkshire deal is sign of desperation
- I’m not wrong just because Buffett shows up, Cohodes says
Buffett Follows Goldman Model in Bailout for Home Capital
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Marc Cohodes was having dinner Wednesday with a friend at the Slanted Door, an upscale Vietnamese restaurant on San Francisco’s Embarcadero, when he saw the news: Warren Buffett’s Berkshire Hathaway Inc. had just thrown a lifeline to Home Capital Group Inc.
“I said, ‘Boy, that’s interesting,”’ he remembers. “I’m surprised Berkshire Hathaway would show up in something like this.”