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Berkshire Hathaway Inc. Message Board

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  • mrwizard9090 mrwizard9090 Jan 21, 2010 4:32 PM Flag

    Two reasons for not buying

    two reasons to buy.

    GS and GE.

    anybody remember the terms on which the Oracle bailed out Goldman Sachs and General Electric? much better than the terms timmie and hankie got.

    if i recall it was 10% preferreds AND warrants for lots of common stock at the then market price.

    since then GS has quadrupled and GE has nearly doubled. "Mr. Buffet is on line 1" is a call that both CEO's have to take. methinks BRK could wipe out all of GS profit for a year or more with those warrants and possibly bankrupt GE.

    check EDGAR to be sure.

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