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.

3 comments:

Wayne said...

I say Buffet deserves it! At least he's stepping in to help out...even if it comes with ulterior motives.

I'd vote him in to the presidency in a heartbeat.

Demeur said...

Wayne Buffet isn't helping us at all. He's helping himself to the assets of a company while we get stuck with the bad debt. Hey can I come over to your house and buy all your good stuff at pennies on the dollar and leave you with all the credit card bills and other loans? I didn't think so.

Gary ("Old Dude") said...
This comment has been removed by a blog administrator.