Did you know we are not giving away 700 billion dollars in this plan?

Well...it has nothing to do with protecting GS, it has to do with getting paid to manage the bad loans. The Fed is going to pay someone to do it.

Berkshire is making a killing on the GS deal. Nothing like slipping into a troubled financial market and making some profit.

I think Berkshire gets warrants to buy $5 billion of common stock at $115 per share over the next five years. Because Goldman shares are at $140, that is almost 1 billion in paper profit and counting.

Buffet is rich. I am sure it profits him to support the bailout.

He may buy Coca Cola stock but he wouldn't have gotten into the financials at this time without good reason.

And yes he was right about those comments; these type derivatives are toppling over as we post.

 

This is the crap that bugs me
this is why politics if so dirty
they think they have Americans bent of the barrel
and they suppose to help us
and
all they doing is trying to screw us

Rocket River

 

It is also wrong, that was what Paulson put forth, it has since been amended to have more oversite and is subject to the courts I believe.

DD

 

I don't get your logic here. Are you saying that they're going to hire GS executives to manage this or the actual company? I highly highly doubt they are going to get a managing company. It is going to be a team of people that will be paid. The management fees go to them, not the company they work for. So no, that does not translate into more earnings for Buffet.

It doesn't profit him as much as it protects his investments and every other American's investment out there as well. It also protects his ability to keep his business going. Please don't tell me you're trying to spin this into the whole "makes every wall street executive rich" shtick.