I believe both the HOOPP board and Warren Buffet acted on inside information. Likely they’ve been assured by those in the know that under no circumstances will the Department of Finance allow Home Capital to go under. A bailout, if necessary, is assured. Buffet does not like speculative risk. Those who manage billions in pension or investment fund dollars have access to information you and I don’t. That’s not a conspiracy theory, just reality. Buffet made a fortune buying distressed bank shares in 2008-09, with the iron-clad knowledge that the Fed was no longer going to allow any further bank failures after Lehman. I can’t see him acting on less information this time.