RE:Buffett's proposal: from bad to worseSame as Goldman Sachs prefs in 2008 - boost of confidence. Berkshire has supplied a capital line that takes the cost of capital down from 20+ with HOOPP to less than half that, in essence making his investment a self fulfilling prophecy. It is actually very good for investors and provides stability to a business that really has nothing wrong with it. I am self employed and re-fid with HCG for 300k for investment purposes on a 1.5 home and found them professional. Ironically, buying a bunch at $6 with their debt has eliminated most of the debt I owe them, so for full disclosure, I am biased. This still has room to go and the Berkshire deal and the way it is structured (if past deals are any guide) substantially stabilizes and improves the book value of the company. It also restructures their balance sheet to allow earnings that will surprise the street positively if the structure under IFRS is again what I think it is. Getting closer to fair value but not there yet.