[Rhodes22-list] A bit of light at the end of the tunnel - David, thank you for the flashlight

[Tootle]

David,

Thank you for the update.  I have seen reports where Berkshire has acquired
several smaller companies, but this is significant.

Mr. Buffet is known to examine the financial information in detail and
demand truth and accuracy.  So he is seeing light at the end of the tunnel.

Again, thank you.
Ed K
Greenville, SC, USA
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David Bradley wrote:
> 
> This may be the best news in a couple of weeks - smart money with a
> long view.  How long did it take to get over the late-80s banking/real
> estate meltdown?  (I think about 7 years before things took off again
> after Gulf War I?)  What do you think the half life will be this time
> around?
> 
> Dave
> 
> 
> 
> NEWS ALERT
> from The Wall Street Journal
> 
> 
> Sept. 23, 2008
> 
> Goldman Sachs said it has reached an agreement to sell $5 billion of
> perpetual preferred stock to Berkshire Hathaway in a private offering.
> In addition, Goldman Sachs is raising at least $2.5 billion in common
> equity in a public offering.
> 
> Berkshire Hathaway will have warrants to buy another $5 billion in
> common stock. The perpetual preferred stock will have a dividend of
> 10%.
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