Goldman Sachs cheats $1 billion trillion in Buffett investment

The US Securities and Exchange Commission (SEC) accuses Goldman Sachs Group Inc.　　Warren Buffett has lost 1.02 billion of billions of dollars in the value of Goldman Sachs warrants after misleading investors over an important fact about financial products related to subprime mortgages (Warren). Goldman Sachs ' share price sank 12.8% in Friday, and its market value evaporated 12 billion dollars, making many investors who bought Goldman shares a heavy loss, even as Warren Buffett was not spared, Bloomberg reported.　　It is reported that Buffett's warrants on the book loss as much as 1.02 billion U.S. dollars, the market value of only 1.99 billion U.S. dollars. Buffett's Berkshire Hathaway company Berkshire Hathaway Inc. Holds Goldman Sachs warrants, which can buy a total of $5 billion worth of Goldman's common stock at a price of $115 per share.　　At the height of the financial tsunami, Goldman Sachs sold the 5 billion-dollar warrants to Hathaway with a 10% dividend. At the same time, Mr Buffett's "integrity" of Goldman Sachs has also made him a focus on how he will account to shareholders at the beginning of his general meeting early next month.　　Berkshire Hathaway's shares fell 1.1% in Friday. After the SEC sued Goldman Sachs, director of Berkshire Hathaway Inc. "Historically, Goldman has had outstanding leadership and is Ronald by rules," Olson said in an e-mail statement. ...... Regardless of the SEC lawsuit. I would be disappointed if Goldman did not play by the rules in this matter. Ronald Olson, in an interview before the show, said the deal reflected Mr. Buffett's "not only believing in Goldman's strength, but also its integrity." "Buffett has not yet responded to the comment request.