[Rhodes22-list] A bit of light at the end of the tunnel?

[David Bradley]

This may be the best news in a couple of weeks - smart money with a
long view.  How long did it take to get over the late-80s banking/real
estate meltdown?  (I think about 7 years before things took off again
after Gulf War I?)  What do you think the half life will be this time
around?

Dave



NEWS ALERT
from The Wall Street Journal


Sept. 23, 2008

Goldman Sachs said it has reached an agreement to sell $5 billion of
perpetual preferred stock to Berkshire Hathaway in a private offering.
In addition, Goldman Sachs is raising at least $2.5 billion in common
equity in a public offering.

Berkshire Hathaway will have warrants to buy another $5 billion in
common stock. The perpetual preferred stock will have a dividend of
10%.