Originally posted by: LuckyTaxi
Originally posted by: TridenTBoy3555
A-I-G HAS THE BEST STOCK EVAR.... Damn, should have bought a 1,000 shares and sold them. (They hit like 1.7, could have bought and made a few grand)
yea tell me about it. I got a hundred share, so here's hoping to a much larger gain in the next few months!
Originally posted by: Lothar
Mr. Buffett strikes again...Sees tasty red meat. As usual Warren isn't doing anything except licking his chaps in this kind of market.
Warren Buffett's Berkshire Hathaway Inc. is investing at least $5 billion in Goldman Sachs. In addition to buying $5 billion in preferred stock, Berkshire also got warrants to buy another $5 billion in Goldman's common stock.
Berkshire's preferred stock in Goldman will pay 10 percent and can be bought back any time at 10 percent premium. The warrants allow Berkshire to buy $5 billion in common stock at $115 per share any time over the next five years.
http://biz.yahoo.com/ap/080923...n_sachs_berkshire.html
Originally posted by: JS80
Congress needs to get punched in the ovaries.
Originally posted by: flashbacck
Originally posted by: JS80
Congress needs to get punched in the ovaries.
For resisting the deal?
Originally posted by: JS80
Originally posted by: flashbacck
Originally posted by: JS80
Congress needs to get punched in the ovaries.
For resisting the deal?
For not acting quickly and for this political grandstanding
Originally posted by: Naustica
If you look at Goldman chart yesterday, you don't think someone got word Buffett was looking to buy? Goldman was dropping while the market was at par and then raced up from the low to close positive while the market dropped 160+. You think the SEC cares?
Originally posted by: Naustica
added another batch of GE at 24. I'm going to keep layering in. If this bailout don't happen, we're all going to be screwed anyways. So I'm playing like it's going to happen.
Originally posted by: flashbacck
Originally posted by: JS80
Originally posted by: flashbacck
Originally posted by: JS80
Congress needs to get punched in the ovaries.
For resisting the deal?
For not acting quickly and for this political grandstanding
Given the usual panicky behavior of politicians, I'm surprised they are taking their time. And since they're expecting to spend between 500 billion and 1 trillion of taxpayer money, I'm glad they are.
I think the bailout deal as it is blows for taxpayers. Bernake and Paulson are talking about buying debt above their current low prices, and the government doesn't get anything like an equity stake in return. Why are they paying more than what the current market price for this debt is? That doesn't make any sense at all. It's a great deal for the companies dumping debt, but taxpayers get f'd.
Originally posted by: Naustica
If you look at Goldman chart yesterday, you don't think someone got word Buffett was looking to buy? Goldman was dropping while the market was at par and then raced up from the low to close positive while the market dropped 160+. You think the SEC cares?
Originally posted by: IHateMyJob2004
Originally posted by: flashbacck
Originally posted by: JS80
Originally posted by: flashbacck
Originally posted by: JS80
Congress needs to get punched in the ovaries.
For resisting the deal?
For not acting quickly and for this political grandstanding
Given the usual panicky behavior of politicians, I'm surprised they are taking their time. And since they're expecting to spend between 500 billion and 1 trillion of taxpayer money, I'm glad they are.
I think the bailout deal as it is blows for taxpayers. Bernake and Paulson are talking about buying debt above their current low prices, and the government doesn't get anything like an equity stake in return. Why are they paying more than what the current market price for this debt is? That doesn't make any sense at all. It's a great deal for the companies dumping debt, but taxpayers get f'd.
Did you read about what Buffett said today? That he expects that the government will actually make money on this deal. tax payer money? It's not exactly a black or white issue. There is lots of gray and when it comes to fiannce, you are best off trusting Warren
Originally posted by: Naustica
Here's a scary thought. What if the market is currently holding because of the optimism of the bailout. Once the bailout is approved, they sell on the news and cause panic selling. We drop much further from here until the true bottom is found. Without short covering to prop up the price, stocks sell off hard.
I have to think the smart people believe Congress will pass the bailout bill. Then, the question is why aren't they buying stocks in anticipation? Hmm...
Originally posted by: evident
how do you guys feel about picking up FRE at $1.84? I have a feeling it will tank once again after this bailout discussion is over, but i am a newbie to the stockmarket game.