Dean Baker and William Greider both report that Warren Buffet got a MUCH better deal on his investment in Goldman Sachs than the U.S. government did. Buffet gets 10% interest, we get 5%. Buffet's warrants are worth $1 to the dollar, ours are worth about 15¢.
There may be a reasonable market explanation for this disparity but I certainly can't think of one.
Monday, November 03, 2008
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