How bad off is Goldman?
September 23, 2008 at 22:15 PM EDT
[Skip to the end] Selling a convertible preferred that cheap - a 10% coupon with a below market strike???- seems to mean things aren’t all that rosy at Goldman???: Berkshire will buy $5 billion of perpetual preferred stock that carries a 10 percent dividend. It also will receive warrants to buy $5 billion of common stock at [...]