dtblount

Buffett Is Not a Savior but an Investor

Also, I think Goldman will benefit from their new structure by having access to capital (internal deposits) at a much lower rate than previously (through external financing).

Buffett Is Not a Savior but an Investor

As I heard several yesterday, this was the most expensive ad campaign Goldman could have rolled out...but a very effective one.

Buffett got a great deal with guaranteed returns to keep his investors happy, while Goldman got some cash that will help the continued effort to "pave over holes" and make possible some acquisitions of regional depository banks.


Cheers