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Buffett says SEC settlement is appropriate
22 January 2010
Warren Buffett has admitted that the settlement General Re reached with the SEC for its role in finite reinsurance deals with American International and Prudential Financial is appropriate.
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Warren Buffett has admitted that the settlement General Re, a subsidiary of Berkshire Hathaway, reached with the US Securities and Exchange Commission (SEC) for its role in finite reinsurance deals with American International and Prudential Financial is appropriate.
The SEC charged US reinsurance firm General Re for its involvement in schemes to manipulate and falsify their reported financial...
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