Buffett Buys $3B of GE Preferred, Company Selling $12B of Common

The legislation says that the Treasury Secretary can authorize the purchase of mortgage-related assets AND "any other" financial instrument "necessary to promote financial market stability." In effect,that means they can buy whatever they want, including things like auto loans. Andrew Moylan Government Affairs Manager National Taxpayers Union 703-683-5700 phone 703-683-5722 fax amoylan@ntu.org mortgage related assets AND any other(DERIVATIVES) 37 TRILLION DOLLARS WORTH. iF THIS bailout passes OUR NEXT GOAL IS TO REMOVE FROM OFFICE THE POLIITICIANS WHO VOTED YES FOR THE BAILOUT!!!! NO BAILOUT, NO BAILOUT, VOTE THEM OUT, VOTE THEM OUT.

Let me get this right...me a middle class guy investing for my retirement buys GE and gets a 5.37 dividend but billionaire Buffet gets a 10% dividend on preffered stock and dibs on more stock at a discounte rate? The middle class is dead.

An honest man find a good deal like Mr Buffet,but a noisy man like a congressman can not find a friend in time of trouble but enemy because he is a noisy and empty.head.

An honest man find a good deal like Mr Buffet,but a noisy man like a congressman can not find a friend in time of trouble but enemy because he is a noisy and empty.head.

An honest man find a good deal like Mr Buffet,but a noisy man like a congressman can not find a friend in time of trouble but enemy because he is a noisy and empty.head.

An honest man find a good deal like Mr Buffet,but a noisy man like a congressman can not find a friend in time of trouble but enemy because he is a noisy and empty.head.

Can someone explain why these Buffet deals in GE and Goldman don't constitute "front running"?

Is there anymore patriotic American even in Conress is there Any or many of them like Judas.

Um...Buffet isn't stealing from GE shareholders. He couldn't buy the shares unless they were FOR SALE. And the stocks are a great deal! Hello...STOCKS AT ALL-TIME LOW=STOCKS ARE ON SALE. BUY LOW. SELL HIGH. Don't sell TOMORROW...sell NEXT year, year after that. Or don't, go back to reading celebrity gossip or watching reruns. Let smarter people buy the bargain of the century. But if you want to help, choose a favorite company who you think is going to be around (Campbells makes sense to me, too) and buy some of their stock. Shows some CONFIDENCE. Contributes to the RECOVERY.

Buffet bought $3.0 billion of GE preferred with 10% div. Does anyone know the symbol of this 10% preferred stock? Can not be GEJ that is paying 7+% div!

Why this deal is not available to us folks and only to Buffett, do we not pay taxes or our blood is not blue enough.

The snowball gets bigger

the dingo ate your baby

mr. buffett buying general electric under the preferential terms he is getting is great for him, but general electric for the average buying public may not be so great. think about it.

“The leaders of both the Republican and Democratic Parties are rushing ahead with their $700 billion bill,” says Bob Barr, the Libertarian Party candidate for president. “Without a single hearing and without considering other solutions, Congress is preparing to put the typical American family on the hook for more than $8,000. Legislators in both parties need to stand up for the American people and say no,” says Barr. www.lp.org

I bought GE last week at $24.70. This morning I realise that I overpaid $2.70 per share. I never thought things were so bad. I think GE needs a new CEO.

There is a reason why Warren Buffett has so much money- he knows a bargain when he sees it. These stocks are on sale!! Do you think Warren is going to overpay for a stock?? Even though we cannot get his terms, GE at 22.50 pays out a 5.5% dividend....along with the potential growth when things settle down a bit. Wake up people! This is a buying opportunity that you will regret missing if you do not take advantage of it.

Yeah, what better way to raise some quick cash than diluting the company and pricing the new round of shares at the 52 week low? Of course we have to promise our big benefactor a fat 10% return while if you take what's left of the diluted dividend it won't cover the capital losses of the past week for another 5 years. Thank you very much common stock shareholders, we appreciate your gracious contribution to the wealthy. What you get in return is the sense of satisfaction you derive from giving away your hard earned investment dollars.

Yeah, what better way to raise some quick cash than diluting the company and pricing the new round of shares at the 52 week low? Of course we have to promise our big benefactor a fat 10% return while if you take what's left of the diluted dividend it won't cover the capital losses of the past week for another 5 years. Thank you very much common stock shareholders, we appreciate your gracious contribution to the wealthy. What you get in return is the sense of satisfaction you derive from giving away your hard earned investment dollars.

"nuts" or 'naive". Warren Buffet isn't wearing his knight in shining armor outfit to rescue a floundering GE. He's really wearing his wolf costume. As usual he is bottom feeding. This is by far one of his riskier acquisitions, GE is not the same company it was three years ago. Today it's still the third largest company in the world. But won't be much longer as the upper level management continue to ride this one time great company into extinction. Jack Welch where are you when we need the hatchet man, house cleaner, and cost cutter the most.