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<p>[QUOTE=&quot;fatima, post: 1255422, member: 22143&quot;]Buffett&#039;s deal gives him the right to purchase 700,000,000 shares of common stock at the set price of about $7.15.&nbsp; He can buy the stock at any time if it rises, yet avoid it if it falls.&nbsp;&nbsp; He has this right as long as he owns the preferred stock.&nbsp; So the comments of Ben Graham do not apply in Buffett&#039;s sweetheart deal.&nbsp; </p><p><br /></p><p>I&#039;d be interesting in hearing of any examples of large holders of preferred stock in too big to fail banks losing anything.[/QUOTE]</p><p><br /></p>

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