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Originally Posted by SniperSB23
Hey Dala (and others), what are your thoughts on this, from TMQ who's a pretty bright dude:
http://sports.espn.go.com/espn/page2...erbrook/080930
A week ago, Warren Buffett rescued Goldman Sachs by injecting $5 billion in capital. Did Buffett bargain for warrants that can be exchanged at an unknown later date for nonvoting shares? No: He is not a fool. Buffett gave Goldman Sachs $5 billion in return for senior preferred stock, the kind that votes and also is more valuable than ordinary shares. That is to say, he used his money to buy something. Goldman can now employ the cash to fix its liquidity problems. The United States Congress and the White House should use the public's $700 billion to buy something, namely senior preferred shares. Why are Congress and George W. Bush not simply following the road map laid out on this problem by the smartest investor of our era? |
Buffett is looking out for himself, and Geedubb n' Paulson are looking out for their business friends that screwed it up with their greed n' irresponsible loaning of money. We need someone to negotiate on the taxpayers behalf, because these 2 are def. not looking out for the best possible deal for the country's taxpayers.