GS has Buffett, but can they now afford to pay him 10%?

Discussion in 'Wall St. News' started by wilburbear, Oct 9, 2008.

  1. Oct. 10 press coverage - "Buffett strikes a tough deal in bailing out ailing Goldman Sachs."

    "We view this as expensive capital by just about any measure," Guy Moszkowski, an analyst at Merrill Lynch, said yesterday about Mr Buffett's investment. "It's a sign of bad times and there appears no way around that."

    Does Buffett's "first-in-line" preferred stock deal add to GS, or suck the lifeblood out of it?