Did Warren Buffett Front Run Tax Payers?
• Economic Policy JournalThere are a lot of questions that need to be answered surrounding the period when Buffett made his investment in Goldman Sachs. First, there is the curious trading I have previously identified by the Senate's No. 2 Democrat, Dick Durbin. Did Durbin buy Buffett's Berkshire Hathaway stock after learning that Buffett via Berkshire was going to buy into Goldman? The public timeline suggests he may have. Now, Denninger raises the question as to what went on in meetings between Buffett and the government. Was Buffett assured before he bought stock in Goldman that the government would not allow Goldman to fail? And just who was buying stock in Goldman and Berkshire that caused the stocks to climb just before it was publicly announced that Buffett was going to take a position in Goldman?
