Thursday, February 09, 2012

 
 
 

 
 
 
 
 
How the government blew the "trade of the century"
Advertisement
Monday, November 16, 2009
Text Size: increase text size decrease text size

From Barry Ritholtz in The Big Picture:

A few months ago, I did a WSJ panel with Jon Najarian in Chicago. He’s a nice guy, a canny options trader, and the founder of OptionMonster.com. (He and his twin bro are regular panelists on Fast Money).

As a trader, Jon points out what a horrific deal the taxpayers got for their bailout “investments.” Warren Buffett bought into Goldman Sachs about the same time as Uncle Sam did. The difference is in the terms and the returns: Buffett earned 120% on his money, while Hank Paulson, on behalf of the taxpayers, picked up a paltry 23%.

Here are the details:

Read full article...

More government stupidity:

The UK is inching closer to complete statist control

World's best reporter Stossel: Health care bill is "mindless"

Health care ALARM: You could face 5 years in prison and $250,000 in fines if you don't comply

Topics: Warren Buffett | Government Stupidity | Cruxallaneous
Facebook RSS Feed

 
©2012 Stansberry & Associates Investment Research. All Rights Reserved. Protected by copyright laws of the United States and international treaties. This website may only be used pursuant to the subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of Stansberry & Associates Investment Research, LLC. 1217 Saint Paul Street, Baltimore MD 21202.