Buffett Ends Credit-Card ‘Fiasco,’ Losing 45 Cents on Dollar

Buffett Ends Credit-Card ‘Fiasco,’ Losing 45 Cents on Dollar
March 1 (Bloomberg) — Billionaire Warren Buffett shut a Berkshire Hathaway Inc. credit-card business and sold bad loans at 45 cents on the dollar in what he called a “very expensive business fiasco.”

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