2012-10-25reuters.com

``One of the biggest winners in the auction is Berkshire Hathaway, which bid for the mortgage assets at one point even though most observers were certain Warren Buffett's conglomerate did not actually want them. It failed to unseat Nationstar as the opening bidder and did not participate in the auction that began Tuesday.

Berkshire held nearly $1 billion in ResCap junior secured debt as of this summer, and Nationstar's initial $2.4 billion bid was thought to be worth 93 cents on the dollar to bondholders like Berkshire.''


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