Cramer belieaves Goldman Sacks has a secreat loss

They have a ton of stuff they have refused to price by shoving it into their level 3 asset class. Anything could be in there.
 
It's possible. Today's Bloomberg says Buffett bid for LEH when we now know they were hundreds of millions in the hole.

Buffett may have missed something here as well.

How did an 80 year old man complete due diligence on a company this size, in a few short days, when just one of these complicated derivatives contracts can be impenetrable? My guess is GS gave him the value on the derivatives portfolio.

Buffett bragged that he trusted GS "completely".

http://www.bloomberg.com/apps/news?pid=20601109&sid=aMQJV3iJ5M8c&refer=home
 
Quote from wilburbear:

It's possible. Today's Bloomberg says Buffett bid for LEH when we now know they were hundreds of millions in the hole.

Buffett may have missed something here as well.

How did an 80 year old man complete due diligence on a company this size, in a few short days, when just one of these complicated derivatives contracts can be impenetrable? My guess is GS gave him the value on the derivatives portfolio.

Buffett bragged that he trusted GS "completely".

http://www.bloomberg.com/apps/news?pid=20601109&sid=aMQJV3iJ5M8c&refer=home
More...

Berkshire is broke as well.
 
Yep, the only ones that aint broke are the illegal immigrants speckling the land.

Why do you think we let the millions in here? We need their great wealth.

Lettuce picking pays real good.
 
Quote from mahram:

Is cramer right, does goldman have an enron situation on its hand?
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This whole thing is Enron x 1000. SIV's are about the same thing Enron was doing. Setting up off balance sheet p/l entities etc.
 
Quote from ipatent:

Berkshire is broke as well.
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Well, if Buffett is broke or on the way there, it's a samll price to pay to finally get those annoying fag from down-under reptile commercials off the air that he seems to be so fond of.
 
Quote from wilburbear:

It's possible. Today's Bloomberg says Buffett bid for LEH when we now know they were hundreds of millions in the hole.

Buffett may have missed something here as well.

How did an 80 year old man complete due diligence on a company this size, in a few short days, when just one of these complicated derivatives contracts can be impenetrable? My guess is GS gave him the value on the derivatives portfolio.

Buffett bragged that he trusted GS "completely".

http://www.bloomberg.com/apps/news?pid=20601109&sid=aMQJV3iJ5M8c&refer=home
More...

"Complete trust" is the only 100% sure thing on Wall Street that will not work. Buffett should begin selling.
 
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