Buffett boosts Goldman Sachs with $5-billion investment - Los Angeles Times
latimesblogs.latimes.com
Basically bought like 8.5% of Goldman Sachs (I'm thinking around that amount since they also raised $2.5B in selling more common stock). He apparently got a 10% dividend yield on the deal. And years later in next bookmark, he mkaes out like a bandit. $2B profit.
#year:2008 #bailouts #news #warren_buffett #banks #investing #boss_peeps #arrangements #goldman_sachs #month:september #pub
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