Wednesday, May 05, 2010

Warren Excited About Wall Street Regulations Bill

Elizabeth Warren likes the financial reform progress, which is BIG. She also says she's surprised by Warren Buffett's defense of Goldman Sachs, an illustration of how financial interests can distort perceptions.
Berkshire loaned $5 billion to Goldman in September of 2008 and receives a dividend of 10 percent a year. Berkshire also got warrants to buy Goldman shares at $115 each. Their value fluctuates with Goldman's common stock price. The loan dividends are not affected by the stock price. CNBC

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