Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Bailout: Buffett places his bet on the winner
Old 09-24-2008, 02:34 AM   #1
Thinks s/he gets paid by the post
ladelfina's Avatar
Join Date: Oct 2005
Posts: 2,713
Bailout: Buffett places his bet on the winner

OMAHA, Neb. ó Warren Buffett's Berkshire Hathaway Inc. is investing at least $5 billion in Goldman Sachs, a huge vote of confidence for one of the survivors of the credit crisis that felled two of its investment banking peers.

In addition to buying $5 billion in preferred stock, Berkshire also got warrants to buy another $5 billion in Goldman's common stock. Goldman also said late Tuesday it would raise another $2.5 billion in its own public stock offering.

"Goldman Sachs is an exceptional institution," the chairman and CEO of Berkshire Hathaway said in a news release. "It has an unrivaled global franchise, a proven and deep management team and the intellectual and financial capital to continue its track record of outperformance."
Buffett Buying $5 Billion Stake In Goldman Sachs
ladelfina is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 09-24-2008, 05:34 AM   #2
Full time employment: Posting here.
Join Date: Oct 2002
Posts: 717
GS went from a low of 113.01 to 125.05 with huge increasing volume at the close before any announcement of the Berkshire investment ... in a falling market. This is business as usual at Wall Street.
Random Reinforcement is Highly Addictive.
riskadverse is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Jackpot winner Space Mountain Other topics 5 06-23-2008 12:53 AM
And the winner is ........... packrat44 Other topics 26 04-10-2008 10:16 PM
Oscar winner... Geesh. dumpster56 Other topics 4 02-25-2008 03:51 PM
Care to bet on the elections? FIRE'd@51 Other topics 6 11-06-2006 08:21 PM
Play money bet brewer12345 FIRE and Money 5 11-29-2005 06:53 PM

» Quick Links

All times are GMT -6. The time now is 12:14 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2022, vBulletin Solutions, Inc.