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Politics : Formerly About Advanced Micro Devices
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To: bentway who wrote (419857)9/25/2008 6:05:33 PM
From: tejek  Read Replies (1) of 1574095
 
oldman Sachs to spend Warren Buffett billions on distressed assets

The investment bank, which raised $5bn from Mr Buffett's Berkshire Hathaway plus a further $5bn from institutional investors, will use the money to buy assets either from the US government's planned $700bn bail-out fund or from banks directly.

Of course. What did you think they were raising the money for?
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