(Community Matters)
Insightful perspective http://mobile.nytimes.com/art/408324/28?sub=Columnist
I do not think this pertains to the sale of Goldman warrants. The price was arrived at just weeks ago. (A friend commented that amidst the crisis, we may have gladly accepted a 23% return – heck even just a gurantee of return of principal.) The 23% return wasn’t negotiated during the meltdown; it was negotiated a few weeks ago. Plans had called for an auction. Instead we settled for less than one fifth of Buffett’s rate. Posted from my blackberry
Community Matters 