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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
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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.”