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Latest Headlines
Goldman Sachs could survive a Buffett buyback
Recall that Goldman Sachs (NYSE: GS ) is keenly interested in buying back the preferred shares it issued on very favorable terms to Warren Buffett back in September 2008. What kind of hit to the balance sheet would such a move entail? "If you take $5 billion out" Goldman's "capital levels w
WaMu fails, government steps in
Washington Mutual, even with Goldman Sachs working on its behalf, ran out of time Thursday. Things had deteriorated to the point that the FDIC had no choice but to step in. They seized the thrift in what amounts to the largest failure of a financial institution ever. They then sold much of the com
