Posted on 01/12/2016 2:11:53 AM PST by Citizen Zed
After publication of a recent investigation about Clayton Homes, Berkshire Hathaway's mobile-home subsidiary, Clayton put out a lengthy news release defending its practices and denying some of the investigation's key findings, including that Clayton targets minority customers and charges them higher borrowing rates.
In the weeks before publication, Berkshire Hathaway and Clayton Homes declined to talk to reporters or to answer questions provided in writing. Clayton did not respond to a request to comment for this story. The Mobile-Home Trap Billionaire philanthropist Warren Buffett controls a mobile-home empire that promises low-income borrowers affordable houses. But all too often, it traps those owners in high-interest loans and rapidly depreciating homes.
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How a Warren Buffett empire preys on the poor (April 2, 2015)
A look at Berkshire Hathaway's response to mobile-home investigation (April 6, 2015)
U.S. House OKs cutting safeguards for mobile-home buyers (April 14, 2015)
Buffett sticks up for mobile-home business at shareholder meeting (May 2, 2015)
Buffett concedes default rate on mobile-home loans could be much higher  (May 4, 2015)
Buffett's mobile-home business has most to gain from deregulation plan (May 17, 2015)
Citing Seattle Times investigation, NYT editorial calls on Congress to protect mobile-home buyers (May 20, 2015)
(Excerpt) Read more at seattletimes.com ...
Good grief! The reason mobile homes have high interest rates is BECAUSE they (the collateral) depreciate faster. That is true for whites AND minorities.
Buffet must have forgotten to pay off one of Obama cronies in the media....
That’s what Buffet does, capitalizes on the misfortune of humanity - its the Democrat way. Not that it is in any way limited to Democrats.
You want to see the face of American fascism, look no further than Warren Buffet. He is in no small part responsible for his sock puppet Obama vetoing the Keystone Pipeline to benefit Buffet’s oil tanker traffic on his Burlington Northern.
Warren Buffett kills children so this story has plausibility.
Who Gave Warren Buffett a License to be Born?
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