4 ms·
It's marketing, that's all. If Buffett is envolved, there's nothing "charitable" about it. He is in it for the profits, he doesn't do it any other way (except _
by dsplittgerber 17y ago
It's marketing, that's all. If Buffett is envolved, there's nothing "charitable" about it. He is in it for the profits, he doesn't do it any other way (except _after_ having earned profits, giving it away eventually). It's Goldman's chump change to advance their public image and to distract from their bonus payments and provide policy makers with an excuse as to why Goldman doesn't deserve that much scrutiny when it comes to their CDO's noone understands etc.
Edit: See what Goldman does with their "charitable foundation": http://blogs.reuters.com/felix-salmon/2009/11/12/the-goldman-sachs-foundations-torrid-2008/ http://blogs.reuters.com/felix-salmon/2009/11/12/the-goldman...