Goldman Sachs Up on Buffett Defense (GS)

Posted in Uncategorized 
May 3rd, 2010

Goldman Sachs Group Inc. (NYSE: GS) is trading higher this morning after this weekend the company, its management and its trading practices were defended by Warren Buffett at the annual shareholder meeting for Berkshire.  Buffett also endorsed Goldman Sachs’ Blankfein as CEO.  Buffett said the SEC has no case, and that Goldman or Paulson taking the other side of a bet has no bearing on whether sophisticated investors are on the other side.

Shares closed at $145.20 on Friday, the lowest close since the latest SEC debacle came up.  Shares are up 1.5% at $147.33 on about 300,000 shares as of 8:41 AM EST.


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