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%.
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