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That was a big loan: Goldman Sachs just paid back Warren Buffett

  • $5
    billion
    the amount Warren Buffett loaned to Goldman Sachs at the nadir of the financial crisis back in 2008; wish we could loan out that kind of cash
  • $5.64 billion the amount they paid Warren back last quarter, including interest earned — that’s on top of dividends they already paid out source

» A pretty hefty one-time charge: While Goldman Sachs’ profits for the current quarter, $2.74 billion, were down 21 percent from a year earlier because of the payday to their sugar daddy, if you don’t count the payment to Warren, their profits — $8.38 billion — would have been up by 49 percent from a year earlier. In other words, they’re richer than we are and Wall Street is celebrating.

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April 19, 2011 // 11:04 // 3 years ago
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