At a time when all the tough guys in Washington are making plans to cut Social Security and Medicare benefits for high-living seniors and to cut Head Start for low-income kids, it was generous of Warren Buffett to point out that we taxpayers gave over $1 billion to Goldman Sachs through TARP. Buffett probably didn’t intend to point out this fact to the country, but it is an unavoidable implication of his $2 billion profit on his loans to Goldman.
Continue reading the article . . .
Related reading:
Buffett’s Goldman Bet Reaps $8.7 Billion Payback
The Wall Street Journal (18 March 11)
Goldman to Buy Buffett’s $5 bn Shares
The Financial Express (19 March 11)
Buffett Generates $3.7 Billion on 2008 Goldman Sachs Investment
Bloomberg Business (18 March 110