Warren Buffett Backs Goldman Sachs, Eviscerates Peanut Brittle Bag
Third richest person in the world Warren Buffett spoke in support of Goldman Sachs at a press conference on Sunday, saying that the bank didn't do anything to warrant the public fury that has ensued, and also that things are getting better, ya'll! ![]()
Here he is, eating something else.
Buffett said he is seeing real signs of improvement in the economy, especially in manufacturing, though it will take another year for a sustainable housing recovery to take hold, Reuters reports.
Buffett's company, Berkshire Hathaway, owns $5 billion of Goldman preferred shares (with a 10 percent dividend), so it's not terribly surprising that Buffett has become a staunch defender of the financial company.
Reuters also reports "a lighter mood" at yesterday's press conference, during which Buffett took a bag of peanut brittle from Berkshire vice chair Charles Munger -- "saying, 'I'll get that Charlie' -- and ostentatiously gnawed it open with his teeth."
Meanwhile, the Bureau of Economic Analysis has reported consumer spending is up 0.6 percent from February, tricky peanut brittle bags be damned.



























