Buffett's firm invests in Goldman

bbc news-business ^ | September 23, 2008

[Cold Heat]

I'm in at around 121 trying to sell around 126 or more tomorrow morning...wish me luck.

I'll bet you get 135+

[Cold Heat]

I think the FBI investigation is window dressing. They already know that there was no shenanigans, except for one which will be looked at very closely and that is Lehman.

But, I think in the end it will be found that they had a disagreement with the street on the value of some of their assets. This mark to market accounting on a very complicated instruments is rife with problems, as we can now see.

Lot's of people lost a lot of money and there are accusations, but nothing that I see of any substance.

The thing is, is this Fed intervention does not go through, all these losses will be petty irritations when the real damage begins.

63 trillion is much bigger than 700B and some have it estimated at a quadrillion.

[hedgetrimmer]

I have a solution to the ‘credit crunch’.

If you want to buy a house, work a deal with the owner. Let him/her carry your loan.

If you need money for business, get investors the old fashioned way, go to your friends and business contacts and if you’ve got a decent business plan they’ll fund you.

We don’t need Wall St to do this.

[AndyTheBear]

I just upped my morning sell limit order to 133. I will be at my computer at opening in case I have to bring it down to make the sale.

[SierraWasp]

Somehow, I missed your great reply. I'm glad I found it!!!

You are absolutely right!!!