Supposedly Warren Buffet is buying GE and GS prefered shares, with dividend yields close to 10%. Where to find more info on those prefered shares? Common shares only yield 5.70% for GE: http://finance.yahoo.com/q?s=GE and 1.10% for GS: http://finance.yahoo.com/q?s=GS
He got a special deal. Regular GE preferred shares aren't yielding 10%, it is just the ones Buffet has.
the secondary offering doesnt have any of the special features buffet gets. they get his $ and his reputation/blessing, het gets to bend them over and give it to them like a rottweiler on a teacup poodle.