You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Berkshire Profit on Goldman Sachs Passes $2 Billion
- Thread starter ASusilovic
- Start date
Quote from Anaconda:
Noone else had a chance to grab the investment he got offered. It's not like it got offered to the public or other institutional investors. It was a very sweet deal.
Now consider that Goldman got bailed out by the taxpayers against the people's wishes. Meanwhile Buffet was crying with full force for bailouts of Wall Street.
Nothing genius about it, just a bunch of cronies scratching each other's backs.
You don't know nobody else had the chance to grab the investment...For all you know, others passed due to the risk involved. That being said, it was indeed a sweet deal.
You claim corruption, but the way I see it, it was just a smart man making a smart investment at a time when others (besides the US government) wouldn't touch it with a 10 foot pole.
I say congrats, Mr. Buffet.
Quote from Kassz007:
You don't know nobody else had the chance to grab the investment...For all you know, others passed due to the risk involved. That being said, it was indeed a sweet deal.
The warrants never hit the markets, it was a direct deal between Buffet and Goldman. It's not like he just purchased preferred or common stock. It's actually not complicated to figure out why only he got access to that deal, but I'm sure it's way above your level of comprehension.
Buffett is yet another welfare case of these corrupt bailouts.
You claim corruption, but the way I see it, it was just a smart man making a smart investment at a time when others (besides the US government) wouldn't touch it with a 10 foot pole.
He took the investment while lobbying hardcore for the bailouts. It is corruption, as most taxpayers were against it, while those receiving the payouts were "coercing" Congress into approving it.
I say congrats, Mr. Buffet.
Don't forget to wipe when you get off your knees.
Quote from Anaconda:
The warrants never hit the markets, it was a direct deal between Buffet and Goldman. It's not like he just purchased preferred or common stock. It's actually not complicated to figure out why only he got access to that deal, but I'm sure it's way above your level of comprehension.
Buffett is yet another welfare case of these corrupt bailouts.
Who else has the capital to make such an investment?! A public offering surely would not have raised nearly the amount required...
He took the investment while lobbying hardcore for the bailouts. It is corruption, as most taxpayers were against it, while those receiving the payouts were "coercing" Congress into approving it.
The deal was publicly announced and all details were released. Nobody tried to hide anything in this deal...Of course I don't expect you to buy into this because you are of the "government information is all lies and manipulation" crowd who are likely short the market.
Don't forget to wipe when you get off your knees.
Go back to your garage and build some computers.
Quote from Kassz007:
If's and but's are irrelevant. The fact of the matter is it didn't get wiped out, and Buffet stands to make alot of money because of it.
IT would have been wiped out if the government didn't pour hundreds of billions into the system, so basically the system would have collapsed and GS would have been trading in the single digits. Thank the fed and the government for the last 40%+ rally we have had.
Quote from Anaconda:
Noone else had a chance to grab the investment he got offered. It's not like it got offered to the public or other institutional investors. It was a very sweet deal.
Now consider that Goldman got bailed out by the taxpayers against the people's wishes. Meanwhile Buffet was crying with full force for bailouts of Wall Street.
Nothing genius about it, just a bunch of cronies scratching each other's backs.
Exactly, Kass doesnt understand the manipulation that goes on.
Exactly right that no one would ever get the chance to get the investment he was offered. Sad but that's how the wealthy run the broken system.
Quote from S2007S:
Exactly, Kass doesnt understand the manipulation that goes on.
Exactly right that no one would ever get the chance to get the investment he was offered. Sad but that's how the wealthy run the broken system.
I form my opinions based on facts and evidence. Not on speculation and conspiracy theories.
Quote from Kassz007:
Obviously. You don't become the world's richest man without having a connection or two. But the man is a genious nonetheless. Who else had the balls to make that kind of investment in an American bank at that point in time? He is infinitely confident in his abilities and it shows.
Ahh, the irony of misspelling genius. You think taking a 50% mark against the position was genius?
How about the $8B loss on the binary puts he wrote?
Anyone remember this thread?:
http://elitetrader.com/vb/showthread.php?s=&threadid=156098&highlight=buffet
S2007S,
Still sticking to your Berkshire under 25,000 call?
http://elitetrader.com/vb/showthread.php?s=&threadid=156098&highlight=buffet
S2007S,
Still sticking to your Berkshire under 25,000 call?