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Warren Buffett: The One Man Who Can Make Goldman Sachs Look Like The Muppet (GS, BRKA, BRKB)

warren buffett Warren Buffett: The One Man Who Can Make Goldman Sachs Look Like The Muppet (GS, BRKA, BRKB)

AP

The Wall Street Journal‘s Matt Wirz has a latest dip on Goldman Sachs.

“[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 publisher Lee Enterprises Inc. 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.

The buyer: a section of Warren Buffett‘s Berkshire Hathaway Inc., according to several people informed with a matter.

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.

Read a whole story during WSJ.com.


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