Now we know why Buffet invested in them.
"Bank seeking assets to buy; Goldman might spend up to $50b" by Reuters | September 29, 2008
NEW YORK - Goldman Sachs Group Inc. is looking to buy up to $50 billion in assets from troubled US banks, the Financial Times reported yesterday, citing executives at the bank.
Well, WHERE YOU BEEN? Couldn't have done this before the EVE of the BAILOUT, 'eh? What STINKS, readers?
The newspaper said Goldman is looking to buy the assets as part of its transition into commercial banking.
In a deal they they coincidentally worked out with the government.
The Financial Times said Goldman plans to talk to US regulators to find $50 billion in assets it could buy from the struggling banks. --more--"
TRANSLATION: The GOVERNMENT is going to GIVE GOLDMAN the GOOD STUFF and save the CRAP for YOU, Taxpayers!!!!
