Buffett Loses $950 Million In One Day On Goldman SEC Charges

business insider ^ | 4/16/10 | Gregory White

[Flavius]

Warren Buffett lost $950 million in Goldman Sachs (GSI) options today as the bank's stock tanked as a result of the SEC filing fraud charges against the firm, according to Bloomberg.

Read more: http://www.businessinsider.com/buffet-goldman-sachs-2010-4#ixzz0lNQec7sj

[Flavius]

Goldman Sachs takes $12B Bailout, Hands out $14B Bonuses If your company is doing so poorly that you need bailout money, .... He was heavily involved in Goldman Sachs's work with the Russian financial crisis of ...

digg.com/.../Goldman_Sachs_takes_12B_Bailout_Hands_out_14B_Bonuses - Cached - Similar

12 Billion is not much to loose right its all funny money anyway or am I missing something

[hinckley buzzard]

Yeah. Big Whoop. Monopoly money to the Master Manipulator.

[screaminsunshine]

Obama must not of given him a heads up. Is he mad at Buffett?

[Lancey Howard]

Easy come, easy go...
That socialist Buffet is more concerned with convincing everyday working people that more taxes are a good thing.

[stephenjohnbanker]

“15 minutes is all it takes to lose 950 million”

[stephenjohnbanker]

I hesitate to say this made me laugh.........but I admit it.

[Lancey Howard]

Obama must not of given him a heads up. Is he mad at Buffett?

I bet he gave Soros a heads up.

[lewislynn]

Hey Warren, how's your man, Obama and government bailouts, working out for you now?

Warren Buffet, another example of knowing how to rake in lots of money isn't an indication of being smart at anything else.

[proxy_user]

Er, what is his cost basis? Is he up or down overall?

[bigbob]

Ouch...just think what he’s lose if he weren’t a Friend of Bam.

[wolfcreek]

Buffet lost......who gained?

[MAD-AS-HELL]

Obama and his socialist goons. More mayhem allows this admin to take more control.

[proxy_user]

I did my own research.

Buffet has 43,478,260 warrants at a strike price of $115. He got them free for buying $10 billion of perpetual preferred paying 10%.

At the closing price on Friday, these warrants are worth $6,986,956,382.

Since he acquired them at no cost, other than the 10 billion he is getting 10% return on, I wouldn’t cry to hard for him.

[Ann Archy]

Great research! Isn’t this a zero sum game, so SOMEONE WON....WHO??

[Flavius]

my guess would be Soros he’s pretty good about shorting junk

[Dutch Boy]

I really wished someone would start chipping away at Soros’s fortune. Nothing works to silence a megalomaniac more than depleting his funds and putting him in survival mode.

[svcw]

Personally I don't care what flipping liberals lose. They are responsible for destroying this country.

[FreeAtlanta]

I thought you were about to say, chipping away at Soros’ head.... but, what you say is better. It would be fantastic, if the miserable bos had to live out his final days as a pauper.

[Tanniker Smith]

Obama must not of given him a heads up. Is he mad at Buffett?

I hate to be the Grammar Nazi ... BUT ... this one is like the fingernails on the chalkboard of print:
must not have given him.

Thank you, and my apologies.

We return now to the discussion, already in progress...

[Dutch Boy]

LOL... I got to admit, the picture of Soros’s head covered in seeded suet with a flock of really big woodpeckers on the way would bring a smile that would last awhile.