Goldman Sachs has paid off its $10 billion TARP obligation, freeing itself of what many thought would be an onerous restriction. But another big investor now looms large. Reuters asks: What will Warren Buffett do?

Recall Buffett invested $5 billion in Goldman in preferred shares and warrants to buy common stock (strike of $115). The dividends amount to about $500 million a year. Recall that shares carry a 10 percent dividend vs. 5 percent that TARP preferred shares carried. Buffett has booked some nice paper profits on the warrants, given that the stock trades in the $140s. So this may be something of a straw-man question. He'll most likely sit back and do nothing unless Goldman falters. He's already racked up a $1 billion gain. 

For more:
- here's the Reuters article

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