Buffett Backs Goldman Sachs on Abacus Trade, Praises Blankfein – Warren Buffett praised Goldman Sachs (GS) Chief Executive Officer Lloyd Blankfein and said the bank shouldn’t be blamed for losses suffered by clients who invested in mortgage bets at the center of a fraud suit filed by regulators. “He’s done a great job running that firm,” Buffett said yesterday in Omaha, Nebraska, before Berkshire’s annual shareholders meeting – Bloomberg
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