In the GS deal, BRK was paid lavishly for its endorsement of GS just as GS was raising capital through a public offering. In the BAC deal, it would not have been inappropriate for BAC to disclose plans to sell CCB to Buffett. Buffett was not buying an asset that other investors could have bought, so there's no unfair advantage here. Does BRK benefit from its position? Of course. Unfairly or illegally? Not at all. If I didn't know better, I'd say you're a reactionary with an agenda.
I thought insider trading was illegal, immoral and unethical?Oh wait, that's only if it's someone outside the power center. Silly me!
"...trades on inside news" absofreakinlootely!
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