Wednesday, December 15, 2010
Buffett invested 5 billion U.S. dollars to Goldman Sachs - Goldman Sachs also helped to help themselves.
• Warren Buffett <P> (Warren Buffett) Berkshire Hathaway subsidiary, announced plans to Goldman Sachs Group (Goldman Sachs Group Inc.) Invest 50 billion U.S. dollars. .Investment bank Goldman Sachs has recently been transformed into bank holding companies. .</ P> <P> Berkshire Hathaway's purchase of the investment in perpetual preferred shares will be way. .In addition, Goldman Sachs issued common stock will be open to raise at least 25 billion dollars. .</ P> <P> Berkshire Hathaway will also receive any time in the next 5 years, $ 5,000,000,000 to buy Goldman common stock warrants, the Executive price of 115 U.S. dollars per share. .The perpetual preferred shares of Goldman Sachs purchased the company's dividend rate of 10%. .</ P> <P> Goldman Sachs, Lloyd Blankfein, chairman and chief executive (Lloyd Blankfein) in a prepared statement that we are very pleased to see that, given the long-term relationship with our world's most .respected and most successful investor Warren Buffett decided to make such a significant investment in Goldman Sachs. .We believe that this is a Goldman client channels and future prospects of strong affirmation. .</ P> <P> Berkshire Hathaway Warren Buffett, chairman and chief executive, said Goldman Sachs is an unusual institution. .The company has unmatched global business, with a proven management team and forethought, with talent pool and financial capital to continue its outstanding performance. .</ P> <P> as the world's most famous investor, Warren Buffett this is equivalent to the popularity slump on Wall Street injected a much-needed shot in the arm. .Buffett had been avoiding the big Wall Street investment; by bad real estate related assets affected, most Wall Street firms have suffered billions of dollars in losses. .</ P> <P> this month, Lehman Brothers (Lehman Brothers) filed for bankruptcy protection, Merrill Lynch (Merrill Lynch & Co.) Agreed to by Bank of America (Bank of America Corp.) Acquisition. .U.S. government has also agreed to the insurance giant American International Group (AIG) to provide up to 85 billion U.S. dollars, and thus took over AIG; federal government has also developed a controversial 7,000 billion rescue program, intended to avoid repeat of other financial companies mine .Lehman Brothers mistakes, to harm the overall economy. .</ P> <P> different from companies such as Merrill Lynch and Lehman Brothers, Goldman Sachs has so far not suffered huge mortgage-related losses. .Since the start of the credit crisis, Goldman Sachs has not released any quarter loss. .However, Goldman's earnings have been shrinking, the company can not avoid the current crisis. .</ P> <P> the past week, Goldman Sachs has been reviewed a lot of options, plans to boost its capital position. .Goldman Sachs chief executive Lloyd Blankfein, chairman and described on this road, (http://finance.) If you encounter the tsunami struck the beach, then no matter you're a Olympic swimmer or a child, this is actually nothing .─ ─ difference you will drowned. .</ P> <P>.
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