News

Goldman Sachs Officially Pays Back Warren Buffett

On the heels of a no good very bad month that’s included a (former) lieutenant causing trouble and his beloved All My Children getting canceled, Goldman Sachs has really put the icing on Warren Buffett’s cake.

The bank apparently bought back the preferred stock it sold Berkshire Hathaway when things got tense in 2008. As Goldman and Wall Street were in a bit of a bind at the time, Buffett was able to demand a set-up that made him more than $15 a second. That gravy train officially ended today, when GS sent WB $5.5 billion, not even having the decency to make him feel better about it by sending a camera crew, some balloons, and couple of employees bearing a massive cardboard check, doing this thing up Publisher’s Clearing House-style. [CNBC]

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130 Responses to “Goldman Sachs Officially Pays Back Warren Buffett”

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  130. Write more, thats all I have to say. Literally, it seems as though you relied on the video to make your point. You obviously know what youre talking about, why throw away your intelligence on just posting videos to your site when you could be giving us something enlightening to read?