Buffett Invests in Goldman Sachs

Wednesday, September 24, 2008

Stocks rose in Asia and Europe on Wednesday after Warren Buffett invested $5 billion in Goldman Sachs, a boost to the Wall Street bank whose shares have dropped 50 percent from their 2007 high.

Posted by rcade at 08:23 AM | 14 COMMENTS | permalink | Comment on This Entry |

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Admin's note: Participants in the discussion of this weblog entry should note the site's moderation policy.

Making money and giving away plenty, unlike some grinch billionaires.

#1 | Posted by takitez at 2008-09-24 08:32 AM | Reply | Flag:

This action is gonna have far reaching effects. I haven't sorted it all out yet, but I would think Mr. Paulson's stock just bottomed out. Also, it makes it appears like the 'bail-out' is just another incompetent government proposal.

Why can't we have someone like warren buffet for president?

#2 | Posted by Lipzoidial at 2008-09-24 08:52 AM | Reply | Flag:

YEAH!

Excellent Idea!

Why not have all the WS execs and all the Bush Cronies who have for years now plied themselves with backslaps and bonuses all around --- privities it with the money they have already looted from the public trust instead of US writing a blank check to the very Financial Terrorists and Extortionists who created this problem in the first place!

#3 | Posted by Redneckville at 2008-09-24 09:08 AM | Reply | Flag:

Capitalism lives!

#4 | Posted by igmoramus at 2008-09-24 09:40 AM | Reply | Flag:

HE TRIED TO SAVE THE TITANIC......

#5 | Posted by BADAOPHAY at 2008-09-24 10:21 AM | Reply | Flag:

Can he lose? Obama or McCain, Goldman will be in charge, for good or bad.

#6 | Posted by bcliff1111 at 2008-09-24 10:52 AM | Reply | Flag:

In a CNBC interview this morning, Buffett said the only reason he did it, was because he was certain Washington would proceed with the Paulson legislation. Otherwise, he wouldn't have done anything.

#7 | Posted by rightisright at 2008-09-24 11:15 AM | Reply | Flag:

Buffett invests in golden snatch, and a sweatheart deal it is. That is capitalism at work. He saw a good investment and he bought.

#8 | Posted by Sniper at 2008-09-24 02:45 PM | Reply | Flag:

Put Buffett in charge of fixing this fiasco. He knows the players, their degree of honesty, and how to get things done.

#9 | Posted by johnjkavanagh at 2008-09-24 04:10 PM | Reply | Flag:

Buffett invests in golden snatch, and a sweatheart deal it is. That is capitalism at work. He saw a good investment and he bought.

Why not allow another entity to buy Goldman Sachs? Isn't that actula capitalim? A company makes bad investments and either sells or goes under. Why should the Gov step in and do anything? I guess they agree with the people who have been dooming this economy since Jan 2008.

#10 | Posted by crispee_oc at 2008-09-24 04:10 PM | Reply | Flag:

cri, I guess anybody with a few billion to spare could do it. Nothing to stop you from buying a bunch of their stock.

#11 | Posted by Sniper at 2008-09-24 04:41 PM | Reply | Flag:

cri, I guess anybody with a few billion to spare could do it. Nothing to stop you from buying a bunch of their stock.

You act as though financial companies have never failed in our Country's history. If it is not good enough for interested buyers, why is it good enough for you and I to bail out?

#12 | Posted by crispee_oc at 2008-09-24 04:46 PM | Reply | Flag:

wow.. he made a cool 900 million over night and his initial investment is protected over everyone elses.

what a saint!

#13 | Posted by Legio at 2008-09-24 06:24 PM | Reply | Flag:

Buy low, sell high.
Or get high and lay low.

#14 | Posted by Dumb_as_Rocks at 2008-09-24 07:56 PM | Reply | Flag: