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Buffett Loses $950 Million In One Day On Goldman SEC Charges
business insider ^ | 4/16/10 | Gregory White

Posted on 04/18/2010 8:47:29 AM PDT by 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

(Excerpt) Read more at businessinsider.com ...


TOPICS: News/Current Events
KEYWORDS: goldman; ifeelyourpain; poorbaby
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To: Flavius

Forget Vegas. The real gamblers are on Wall Street. Or is that Omaha?


21 posted on 04/18/2010 9:39:09 AM PDT by Hugin (Remember the first rule of gunfighting...have a gun..-- Col. Jeff Cooper)
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To: Hugin

well * censored *


22 posted on 04/18/2010 9:40:46 AM PDT by Flavius
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To: Lancey Howard

Interesting note, I read an article in Fortune last year that Soros and the Rothschilds have been going nuts buying up farmland all over the world, I assume in anticipaion of hyperinflation. There are now farmland funds that just buy up farms, and rent or sharecrop them out.

Welcome to the new feudalism.


23 posted on 04/18/2010 9:44:10 AM PDT by Hugin (Remember the first rule of gunfighting...have a gun..-- Col. Jeff Cooper)
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To: Flavius

I know that probably means little to the man with Billions..and knows how to earn more...But OUCH! I would be upset to lose $950


24 posted on 04/18/2010 9:56:53 AM PDT by jakerobins
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To: jakerobins

Chances are that Buffet had some protective puts in place.


25 posted on 04/18/2010 10:09:39 AM PDT by Frohickey
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To: Flavius

Now why didn’t he just GIVE that money to me . . . I could have stimulated a lot of businesses and helped a lot of out of work people.

I don’t feel sorry for any of them. But I do pray that Soros loses ALL his money and becomes “cardboard hut poor” in the near future.


26 posted on 04/18/2010 10:17:01 AM PDT by HighlyOpinionated (SPEAK UP REPUBLICANS, WE CAN'T HEAR YOU YET! IMPEACH OBAMA!)
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To: HighlyOpinionated
But I do pray that Soros loses ALL his money and becomes “cardboard hut poor” in the near future.

Don't worry, he'll be "engraved mahogany box" poor before long.

27 posted on 04/18/2010 2:22:08 PM PDT by lafroste
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