Under SEC Pressure, Berkshire Took Q4 Writedowns on Stocks - Surety Bond Forums

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03-28-2011, 07:45 PM

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Under SEC Pressure, Berkshire Took Q4 Writedowns on Stocks

Warren Buffett’s Berkshire Hathaway took nearly $1 billion in writedowns on three stocks last quarter under pressure from U.S. regulators who disagreed with the company’s accounting for losses in those shares, according to a series of letters released Monday. The …

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