Berkshire Hathaway, Warren Buffett’s holding company, invests at least 5bln$ in Goldman Sachs.
Buffett buys 5bln$ of perpetual preferred stock issued by the investment bank. The securities pay a dividend of 10% and are callable anytime at a 10% premium, meaning Goldman can buy them back at the higher price.
He as well buys warrants to purchase […]

EXACTLY as market tests the low …
WSJ lights up this headline …
GOVT. asks Goldman and JPMorgan to lead 70-75 bln$ lending facility for AIG …
Hank did it AGAIN … OMG
And tommorow the “surprise cut” ?

Another one bites the dust … ???
Rumors fly as Lehman falls another 40% on WSJ article of higher losses …
CDS spreads for Lehman reaches the Bear Stearns k.o. level …
Rumors of today … this was the reason for the squeeze into the close …
- Lehman will be taken by Bank of America and losses backstopped […]

Next victim LEHMAN??? AUTSCH …
stock plummeted today close to 50% on a lot of fear, that Lehman might follow Bear Stearns …
Problem … Lehman’s management is convinced that they don’t have to sell “cheap”
BUT … even cheap … no one is interested …
So … C’mon Hank … do it again …
every day a […]

Goldman knows best
Should be the new show on CNBC …
Just read … and then … don’t tell me, they will not use that inside track …
Goldman Sachs Group Inc’s Ken Wilson will temporarily leave the firm to advise U.S. Treasury Secretary Henry Paulson on how to resolve the country’s banking […]

UBS said today morning, that they need no fresh capital … and this was seen positive
Sometimes I can’t believe it … Remember … the UBS capital increase was only weeks old
Then Goldman put out a study on European Banks … telling (at least part of) the truth.
They need more MONEY … up […]

Nice downrally today as many investors abondaned equity positions ahead of H1 end.
2 pieces made all run for cover …
1. Goldman Sachs recommends to SHORT Citibank and Merill because of MORE WRITE OFFS …
2. Rating agency Fitch sees a possible cash crunch in 2009 for GM and Chrysler … even rumours of an immediate filing […]

Expiration week … means high(er) volatility and funny moves …
A good example was today … charts looked weak … BUT
in today’s world … the “ones who know” … have the power …
So what happened … Europe went bid … slowly … but steadily …
Then some fundamental news … again all weak … creating short positions […]