CNBC BUFFETT buying into Goldman

Quote from W4rl0ck:

Oh you can bet it was planned with Paulson, Bernanke, etc.

I'd say they already knew about it while they were testifying.

The whole thing's rigged. You knew that, right?
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Yeah because Buffett out in Nebraska is *soooo* Skull & Bones old school tie, lol.

Get a clue, they are going cheap these days.
 
Quote from W4rl0ck:

The preferred stock has a dividend of 10 percent and is callable at any time at a 10 percent premium. In conjunction with this offering, Berkshire Hathaway will also receive warrants to purchase $5 billion of common stock with a strike price of $115 per share, which are exercisable at any time for a five year term.
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Another word, Buffett bought $5B worth of Goldman's junk yielding ~14-16% (counting the warrants). I wish I could short the common.
 
Really.

You didn't think that whole bill and melinda gates foundation thing was for anything but show, did you?

Here is his raison d'etre.

Circle wagons and hope for the best boys. This thing got way out of control. Financial war - 4th Gen Warfare - but nobody really knew what they were doing.
 
Quote from Ticketwatcher:

Although Buffet did not BUY common stock, he wanted to get some bang while there was no shorting.

This will help the market, but wake me up when shorting comes back, because I am shorting strength in some stock. It will not be Goldman, because I do not and have never traded stocks priced with 3 digits.
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No stock higher than your IQ? How precious.
 
Quote from GermanTrader:

$7 billion is a large percentage of his change. He is betting Goldman will recover and prosper.
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Ok - lets try this - what is the risk to $5B of Buffet? With GS now made into a bank, with access to liquidity from fed window, there is no hope of hedge funds running this company to bankruptcy by shorting.

On top of this, he will get 10% guarenteed for his $5B.

This time, its Goldman that is taking a hit becuase it feels that there is no more money left in the world to raise capital ( from asia, japan or even middle east).

So Buffet gets a good deal with minimal risk.
 
Quote from Kassz007:

He is a very very smart man. I love when people doubt him.
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Did you see the deal he made with GS, come on!!!

Thats free money right in the bank, no one gets those kinds of deals but him.
 
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