Buffett’s reputation on the line again?

April 17, 2010 at 12:23 pm Leave a comment

Is Buffett doing a Solomon again? Buffett was forced to step in as Soloman’s chairman and put his reputation on the line to rescue the firm from oblivion. After a harrowing experience which ended well for his pocket and his reputation, he vowed, never again.

However, his recent purchase of Goldman sachs preferred stock with free warrants thrown in may again taint his reputation.

Although he will not be forced to step in, but to be associated with a firm that may be charged for fraud in selling subprime securities is certainly not Buffett’s idea of ending his investing career with a bang.

His pocket will not be hurt this time because he is only lending Goldman money at a lucrative interest rate. Unless,Goldman franchise is seriously dented, Buffett still earns his reward.

Entry filed under: Watch your step. Tags: .

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