Warren Buffet pockets $2 billion on Goldman warrants


Back in the fall, when the Oracle of Omaha threw a lifeline to Goldman Sachs, his decision looked pretty risky; however, with the world's most successful investment bank breaking its own revenue records, it's looking like he was right on the money. Currently, the warrants for Goldman shares that he purchased are worth roughly $2 billion more than the value of the stock he bought back then.

Of course, the U.S. government could have pocketed similar profits with warrants, a move that would have benefited the U.S. taxpayers and helped offset the $780 billion in initial bailout funds. But the U.S. Treasury Department, in its deep concern for the welfare and health of Goldman, has held back from asking for a reasonable return on investment.