The Costs of the Los Angeles Fires

The Costs of the Los Angeles Fires

A devastating toll More of the Los Angeles area is ablaze on Thursday, after a new wildfire in the Hollywood Hills broke out as firefighters sought to contain others, including the 17,200-acre Palisades fire. Critical fire conditions are expected to continue for at least another day. The blazes are already the most destructive in Los…

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C.F.P.B Sues Unit of Warren Buffett’s Berkshire Hathaway Over Risky Mortgages

C.F.P.B Sues Unit of Warren Buffett’s Berkshire Hathaway Over Risky Mortgages

A federal regulator sued a mortgage finance firm owned by Warren Buffett’s Berkshire Hathaway conglomerate on Monday, claiming it made loans to buyers of manufactured homes that it knew they could not afford. The civil suit, filed in federal court in the Eastern District of Tennessee by the Consumer Financial Protection Bureau, said Vanderbilt Mortgage…

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