Wall Street Manna
An irreverent look at Wall Street
Thursday, August 25, 2011
Uncle Warren invest $5 billion in Bank of America!
Boy did Buffett get a sweetheart deal! 6% on $5 billion, and another 700 million warrants at $7.14.
He put his Goldman money to good use!
He's now the chief cheerleader for the bank. (Now BAC can quite blaming Henry Blodget for their troubles!)
And now the shorts get squeezed!
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