Buffet calls out Financial Leaders

Berkshire Hathaway chairman suggests Wall Street execs have gotten off lightly

Buffett used his update on subsidiary Clayton Homes, the largest producer of modular and manufactured homes, to touch off a discussion of the U.S. housing market.

Warren Buffett sees a housing-market turnaround coming. In addressing oversupply, Buffett said the economy reduced new housing starts to a number well below the rate of household formations.

“[This] means that within a year or so residential housing problems should largely be behind us.

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