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September 23, 2008

Breaking: Buffett's next bargain is Goldman Sachs

Buffett's putting at least $5 billion into Goldman, according to MarketWatch via Calculated Risk.

Just headlines from MarketWatch:
Goldman to sell $5 bln preferred stock to Berkshire Hathaway

Berkshire also to get $5 bln in Goldman common warrants

A Buffett rumor that is true!

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About Jay Hancock

Jay Hancock has been a financial columnist for The Baltimore Sun since 2001. He has also been The Baltimore Sun's diplomatic correspondent in Washington and its chief economics writer. Before moving to Baltimore in 1994 he worked for The Virginian-Pilot of Norfolk and The Daily Press of Newport News.

His columns appear Tuesdays and Sundays.

Follow @jayhancock1 on Twitter