Here's the link to the announcement Warren Buffet's Berkshire-Hathaway was going to try to save BankAmerica Corp... By investing FIVE BILLION dollars for 700M shares - That's $7.12 a share, now down to $5.38, A TWENTY FOUR PERCENT LOSS TO DATE....
BUT... THAT'S NOT ALL OF IT - Buffet got them to agree to something called "6% preferred T-stock," at $100K per share, times 50K shares - THAT'S THE WHOLE FIVE BILLION DOLLARS, HELLO!!!
So Buffet has a "No-risk" investment, that is, he'll lose NO MORE THAN SIX PERCENT on the "preferred shares," even as the 700 million shares turn into dust - HE GOT A TWO-FER!! 50,000 PREFERRED SHARES AND 700,000,000 REGULAR SHARES FOR HALF-PRICE!!
WARREN E. "Tax the Rich" BUFFET, WHAT A NICE GUY, REALLY!!
Here's your sign, I mean LINK: http://biz.yahoo.com/...