Did Buffett and Blankfein Make Out Like Bandits in the Cliff Deal?


With the fiscal cliff having been narrowly and temporarily averted, many are now stopping, as the smoke clears, to take a closer look at the deal that kept us from going over the edge. Interestingly, while Berkshire Hathaway's Warren Buffett and Goldman Sachs' Lloyd Blankfein have both been strong advocates for having the rich pay a higher tax percentage as part of measures to reduce the national debt and increase revenue, a few key subsidies and tax breaks in the deal are going to major assets for these two. In this video, Motley Fool financial analysts Matt Koppenheffer and Anand Chokkavelu wonder aloud whether it's really all that tongue-in-cheek to ask: Is this a conspiracy?

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The article Did Buffett and Blankfein Make Out Like Bandits in the Cliff Deal? originally appeared on Fool.com.

Anand Chokkavelu has no positions in the stocks mentioned above. Matt Koppenheffer and The Motley Fool own shares of Berkshire Hathaway. Motley Fool newsletter services recommend Berkshire Hathaway and Goldman Sachs. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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