Yeah because Buffett out in Nebraska is *soooo* Skull & Bones old school tie, lol. Get a clue, they are going cheap these days.
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.
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.
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.