william the wie
Gold Member
- Nov 18, 2009
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Just wondering what others thought of this rash of news.
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The BAC deal is very lucrative to Buffet, with 6% dividend yield on the preferred and warrants that are already in the money.
I don't think it means too much right now. Buffett bought Goldman when it was $111 only for it to fall to $47.
Why else do you think Obama had such a huge war chest in 08, he is bought and paid for by Wall st. Obama, the best president money can buy.I don't think it means too much right now. Buffett bought Goldman when it was $111 only for it to fall to $47.
Then he made billions off of the bailout.