That was a big loan: Goldman Sachs just paid back Warren Buffett
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.
Read ShortFormBlog • Follow