Tuesday, September 23, 2008
The vultures are circling
Goldman gets aid from Warren Buffet who antes up $5 billion. You think that is a help? The devil is in the details. Buffet with this deal is going to help himself to the best assets the company has to offer the preferred stocks. He also has an option to buy another $5 billion in the next five years. Don't you love it? Buffet gets the elevator and we get the shaft.