May 1, 2010

Buffett Backs Goldman Sachs (GS). GS Falls To A 2 Week Low.

“I can’t see what difference it makes if it were Paulson on the other side of the deal or Goldman Sachs or Berkshire Hathaway” Warren Buffett

Buffett said it “wasn’t so obvious” when the investments were sold in 2007 that the housing market would collapse.

Buffett invested 5 billion USD in Goldman Sachs in 2008. The warrants Buffett negotiated as part of the deal give Berkshire the option to buy 5 billion USD of common stock for 115 dollars a share. The shares closed at 145.20 dollars yesterday, the lowest close since the SEC`s news hit the wire.

Related Stock: Goldman Sachs Group, Inc. (Public, NYSE:GS)

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