Warren Buffett: The One Man Who Can Make Goldman Sachs Look Like The Muppet (GS, BRKA, BRKB)
“[A]nticipating new regulatory restrictions on exclusive trade and seeking to revoke a bank’s bearing to unsure assets, Goldman loan traders unloaded hundreds of millions of dollars of leveraged loans during a loss, people informed with a matter say,” writes Wirz. “Making matters worse, many of those loans have given jumped in value.”
Here’s where it gets good.
Details of one trade in sole have recently caused a stir in a market. In November, Goldman sole about $85 million of loans in uneasy journal publisherInc. Goldman sole a debt during about 65 cents on a dollar, carrying bought it months before during around 80 cents, ensuing in a detriment of during slightest $13 million.
Mr. Buffett has given done a neat paper distinction on a loans, that are now value about 82 cents on a dollar, a people said.