Even in Texas, sometimes the billionaires lose

That’s the lesson emerging from an apparently failed attempt to craft a “carve-out” from protectionist Texas auto laws for famed investor Warren Buffett, one of the wealthiest men on the planet. Buffett is in a regulatory pickle because Texas is poised to bar him from owning both a vehicle manufacturing company and auto dealerships under byzantine state A bill that would carve out a loophole for Buffett’s chain of auto-dealerships in Texas – put on the fast track last month right after the billionaire’s meetings with Gov. Greg Abbott and Lt.

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