Warren Buffett, the billionaire Berkshire Hathaway investor who seems to have more billions of dollars to spare than the U.S. government, just threw down a $3 billion stake in General Electric, the parent company of NBC, after throwing $5 billion at Goldman Sachs to float the bank's bragging rights as a survivor of the economic fallout. And while we care about Wall Street and all that, it's Buffett's investment in GE that piqued our interest, particularly because of the favorable terms he worked out with maybe racist Jeff Immelt.

GE sold Buffett $3b worth of preferred stock, which pays a 10 percent dividend, though NBC is entitled to buy back the stake in three years so long as they fork over a 10 percent return, or $3.3b. But Buffett wouldn't have extended an olive branch to GE if things weren't even more favorable to him. And indeed, they are: Buffett's Berkshire Hathaway "is receiving warrants to purchase $3 billion of G.E. common stock for $22.25 a share, at any time over the next five years." With GE trading at $24.50 a share now, if the stock goes up, Buffett gets to pick up a larger stake at a discounted rate. And now that Buffett has given GE his vote of confidence, well, that's a pretty possible scenario, since Wall Street sees Buffett's touch as that of Midas.

So, good news for everybody, right? All of this dealmaking, though, has one individual raising a single eyebrow: Brian Williams.

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Warren Buffett is either the richest person in the world or the second richest American, depending on which Forbes article you're reading today. Suffice to say: the man's got bank, especially now that he's gobbling up stake in GE.

With an estimated worth around $50.0 billion dollars, you'd think that Buffett would have some good financial tidbits for down on their luck investors in his new book, The Snowball. Unfortunately, most of the biography is just that: the humdrum goings on of an old coot who likes to play card games and yell at his wife:

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Bill Gates has been knocked off the top of Forbes' billionaires list after a 13-year run. In his place? Warren Buffett. (Mexican telecom mogul Carlos Slim Helú is No. 2.) For what it's worth, Mark Zuckerberg, who founded Facebook, the social network that Gates recently removed his profile from, is No. 785.