​Warren Buffett’s BofA ‘Dump-A-Thon’ Nears $7 Billion As Questions Swirl As To Why – Tyler Durden

Warren Buffett’s BofA ‘Dump-A-Thon’ Nears $7 Billion As Questions Swirl As To Why 94-year-old Warren Buffett’s Berkshire Hathaway continued offloading Bank of America shares this week. Since Buffett started dumping BofA stock in mid-July, total sales have now topped nearly $7 billion. Bloomberg explains: In the latest round of transactions, disclosed in a regulatory filing Thursday, his Berkshire Hathaway Inc. liquidated $760 million of the stock since Tuesday. Still, Berkshire remains Bank of America’s top shareholder, with a roughly 11% stake valued at $34.7 billion, based on the latest closing price. If Berkshire keeps selling, its stake in the second-largest US bank…  — Continue at ZeroHedge News : Read More