Buffett Wants In On the Action

Thanks, Warren.

What was turning out to be a relative yawner of a day on the financial front—no bankruptcies, mergers, layoffs, status switches, Fed bailouts or Congressional decisions—just got interesting, as the investing guru from Nebraska, Mr. Buffett himself, has apparently taken a stake in Goldman Sachs to the tune of $5 billion in preferred shares.

I’m sure the folks at Goldman (who plan to raise $2.5 billion more in preferred stock) are thankful too—their GS stock is booming in after-hours trading, up 16 percent.