Buffett, Berkshire (BRK-A) in Sad Goodbye to Goldman (GS) Preferred

Liz Claman and Charles Gasparino broke down some of the response of Warren Buffett in this video over the $5 billion-plus sale of preferreds Berkshire Hathaway (NYSE:BRK-A) had owned in Goldman Sachs (NYSE:GS), which generated a cool $500,000 annually for the company.

Yet Berkshire still owns about $2 billion in warrants in the giant bank, which they have time to sit on until Goldman surges again, which is inevitable.

They also noted that Goldman CEO Lloyd Blankfein wants out of his position, as the scrutiny appears to be taking the enjoyment out of running the business.