..here is something to chew on...
Public knowledge that Buffet was the primary share holder of AIG.
AIG gets a huge bailout.
Buffet goes public and says that the financial sector is way undervalued and will be purchasing a large block of Goldman...in effect telegraphing his purchase....never his style in the past....
"In late 2008, Buffett invested a whopping $5 billion in Goldman, purchasing a block of "perpetual" preferred shares in the bank. His move during the depths of the financial meltdown was seen as a major vote of confidence in the U.S. economy and financial system."
perpetual share that pay a dividend of about 10% - sounds kinda like a bond - kinda like a small bailout in itself....
It could have gone something like this..."ok warren, here is a big ole wad of cash for AIG, now go do something that will give some confidence to the sheeple to stop all these bank runs....."
Just a thought....
Kurt
