Goldman Sachs (GS +2.7%) confirms that it will redeem preferred stock it sold to Berkshire...

|About: Berkshire Hathaway Inc (BRK.A)|By:, SA News Editor

Goldman Sachs (GS +2.7%) confirms that it will redeem preferred stock it sold to Berkshire Hathaway (BRK.A +1.2%) during the 2008 crisis. Goldman has been eager to replace the cost of the Buffett investment, which also came with some onerous strings including restrictions of Goldman executives selling stock.