Conseco

A phone call or two later, a couple of phone calls, we made a deal. And I had not been to Knoxville. You know, I checked out a few manufactured homes. Suggested that my family buy a repo. (Laughter) But that deal came about in that manner. And that’s the way things tend to happen at Berkshire. It, you know, the phone rings or we pick up the phone, in this particular case. And the manufactured home industry got into significant trouble, very significant trouble, because credit terms — well, they went crazy on credit four or five years ago. And when you go crazy on credit, you suffer in a very big way, and that’s what happened to that industry. Conseco, that some of you may have read about, ended up holding — or servicing I should say — $20 billion worth of manufactured home credit and they got in big trouble, for that and other reasons. And Oakwood, where we own some junk bonds, went into bankruptcy. They’re a big operation in the country, most of the — couple of the other biggest players in the industry are losing significant money.