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To: Valuepro who wrote (291376)	11/15/2010 9:47:03 AM
From: joseffy	Respond to of 306849

Goldman's plan to repay Berkshire delayed Sunday November 14, 2010 finance.yahoo.com NEW YORK (Reuters) - Goldman Sachs Group has hit a snag in its efforts to win government approval to pay back a $5 billion investment from Warren Buffett's Berkshire Hathaway Inc, the Wall Street Journal reported, citing people familiar with the matter. Goldman formally sought permission from the Federal Reserve for the proposed transaction in late October, in part because Goldman has emerged from the financial crisis with a comfortable cushion to absorb losses, the report said. Berkshire's cash investment in 2008 was seen as a crucial vote of confidence for Goldman at a time when most investors were keen on dumping banking stocks. But it has also cost Goldman about $1 billion in dividend payments so far, according to the report. The Fed must approve the transaction because it is Goldman's banking supervisor. Goldman officials hoped to win clearance quickly, but the request has been caught up in the wider process of setting a dividend-increase policy for all U.S. banks overseen by the Fed, according to the report. The Fed may be reluctant to give Goldman a go-ahead to make adjustments to its capital level before other banks get the same flexibility, the report said. Goldman has the option to redeem the preferred shares held by Berkshire at any time for $5.5 billion, subject to Fed approval, though the move would trigger a charge of $1.6 billion, the report said. Representatives for Goldman Sachs and the Federal Reserve could not be reached outside U.S. business hours.

To: Valuepro who wrote (291376)	11/15/2010 1:36:54 PM
From: tejek	Read Replies (1) \| Respond to of 306849

"And now that most professionals see GM turning around, all you can do is b=tch and complain. Its disgusting....and you call yourself an American. Grow up!" Yes, I call myself an American, and believe that everyone has the right fail. I resent that my government felt compelled to save GM or anyone else, and I felt that way at the time. Actually, GM's mistake was not so much from poor judgment in auto manufacturing as it was it's financial services arm. I resent that you resent the gov't. I also resent that you are so callous you would let hundreds of thousands of Americans end up on the street without a job and that you are so short sighted, you would allow this country's manu. capacity to be cut back by millions of sq. ft. I resent you can't see farther than the front of your nose. BTW, what do they call it when government controls the means of production? What do you call it when you twist facts to suit your ideology?