A week ago, Buffett invested $5 billion in Wall Street bellwether Goldman Sachs Group Inc. Scores of other companies have unsuccessfully sought his assistance as the banking system has come under stress.
"It's a shocking comment on today's environment that GE and Goldman would need the reputational shots in the arm that Buffett can provide," said Scott Kolbrenner, an investment banker at Houlihan Lokey in Century City. "In any sane environment, (more...)