Investing In The Buff: Warren Endorses GE

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General Electric announced some abysmal results last week but it's okay because once again, Warren Buffett to the rescue! GE is selling $3 billion of perpetual preferred stock* to Buff's Berkshire Hathaway, in a transaction that is "almost identical to the Goldman deal," and was proposed to the Oracle of O by his main man at GS, Byron Trott. Buffett put his thick stamp of approval on the company in a press release today, saying, "GE is the symbol of American business to the world," and went so far as to add, "I have been a friend and admirer of GE and its leaders for decades." As we all know, O Cubed drives a hard bargain and is also a lovah of the ladies. So, let us determine conclusively, here and now-- did GE offer unfettered access to Hayden Panettiere, and did WB hold out until a guaranteed menage was agreed upon starring the cast of 30 Rock? Cause that's what we're hearing.
Buffett also told gal-pal Becky Quick, in a phone interview (from an airplane), "The cheaper things get, the more I like them." Make of that what you will.
*And plans to sell at least $12 billion of stock to the public.

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