Warren Buffett has invested $5bn in Bank of America Photo: AP
WSJ: 24 September, 2008
Goldman Sachs Group Inc. said it will get a $5 billion investment from billionaire Warren Buffett's company, marking one of the biggest expressions of confidence in the financial system since the credit crisis intensified early this month.
WSJ: 26 August, 2011
Bank of America Corp. said it will get a $5 billion infusion from Warren Buffett, giving the nation's biggest bank a desperately needed jolt of confidence at a time when investors are questioning its health.
The deal allies the bank with a billionaire investor known as an astute judge of value, who emerged during the financial crisis as an outspoken advocate of investing in America
And with a TAX break!!!
And in one day BoA shares went up 23%!!!
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