Friday, April 23, 2010

Goldman Director Tipped Raj About Buffett's Plan to Buy Goldman Stock

A Goldman Sachs director, Rajat Gupta, tipped off a hedge-fund billionaire, Raj Rajaratnam, about a $5 billion investment in Goldman by Warren Buffett's Berkshire Hathaway Inc. before a public announcement of the deal at the height of the 2008 financial crisis, a person close to the situation says, WSJ is reporting.

A few things to note about this report. It appears to be typical government trial by leaks to the press. Further, this is the same time frame that some other unusual trading was taking place in the stock of Berkshire Hathaway Does the SEC have the balls to investigate this peculiar trading?

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