Paulson Buys, Buffett Sells in Duel on SunTrust Banks (Update1)
Paulson Buys, Buffett Sells in Duel on SunTrust Banks (Update1)
John Paulson, who amassed a fortune by betting against U.S. mortgage markets, became the biggest stakeholder in SunTrust Banks Inc. while fellow billionaire Warren Buffett was cutting his stake in the Atlanta lender.
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Buffett Says He Can’t See Rationale for Bank Fees (Update1)
Buffett Says He Can’t See Rationale for Bank Fees (Update1)
“I don’t see any reason why they should be paying a special tax,” said Buffett, the chairman and chief executive officer of Berkshire Hathaway Inc., in an interview on Bloomberg Television today. Supporters of the plan to tax the banks “are trying to punish people,” he said.
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