The deal is expected to close in the third quarter and adds two more insurance companies to Berkshire's assets, which already owns Geico and General Re.
At first glance the offer might seem appealing but Berkshire Hathaway refuses to take any risks associated with mortgage-related securities so ultimately it will do little to reduce the problems the companies are facing on securities backed by mortgages, consumer loans and other assets.
Newest Clips
see Newest Clips
Latest Pops
Latest Comments
Most Pops
Tags
Print
Save
Turn on live update