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Berkshire Sells Some ResCap Debt As it Seeks Probe

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Warren Buffett's Berkshire Hathaway Inc. sold more than a third of its Residential Capital LLC bond holdings this week, shortly after calling for a probe into the mortgage lender's pre-bankruptcy transactions, Reuters reported on Friday. Ted Weschler, a Berkshire investment manager, said his company sold its holdings of more than $500 million of unsecured ResCap bonds on June 5 and 6, according to court papers filed on Thursday. Weschler did not disclose sale prices. Berkshire had held the bonds for several years.