Smooth Buffet….Very Smooth. I’m willing to bet that Warren Buffet knows something about Goldman Sachs that we don’t. My guess is that Goldman will be considered to large to fail. Pretty smart investment if you know that the government is going to bail these guys out. I mean for crying out loud Henry Paulson used to be at Goldman. He’s not going to let his ex-company fail. Smooth Buffet….Very Smooth.
“Under the agreement, Goldman will sell $5 billion of preferred stock to Buffett’s company, Berkshire Hathaway, (BRKB) giving it 10% of total shareholders’ equity. Separately, Goldman expects to raise at least $2.5 billion by selling stock in a public offering.”
— Justin of Vizionkc