In a move that many viewed as indicative of the beginning of a turn-around on Wall Street, billionaire investor Warren Buffett has placed a $5 billion bet on Goldman Sachs; one of the few banking superpowers left standing. Buffett, a trend-setter in the world of finance, commented on his own investment. “I am to some effect betting on the fact that the government will do the rational thing and act properly.” In addition, Goldman stated on Wednesday that it would be raising an additional $5 billion in a public stock offering to further increase capital.
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