The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
BANK OF AMERICA CORPORATION COM 060505104 74,929 4,875,000 SH   SOLE   4,875,000 0 0
BERKSHIRE HATHAWAY INC DEL CL B 084670702 889 7,025 SH   SOLE   7,025 0 0
CHESAPEAKE ENERGY CORP COM 165167107 20,761 668,000 SH   SOLE   668,000 0 0
CITIGROUP INC COM 172967424 66,882 1,420,000 SH   SOLE   1,420,000 0 0
GENERAL MTRS CO COM 37045V100 846 23,305 SH   SOLE   23,305 0 0
GENERAL MTRS CO * W EXP 7/10/201 37045V126 110,154 5,935,015 SH   SOLE   5,935,015 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 17,893 106,863 SH   SOLE   106,863 0 0
HORSEHEAD HLDG CORP COM 440694305 115,646 6,333,296 SH   SOLE   6,333,296 0 0
POSCO SPONSORED ADR 693483109 72,775 977,634 SH   SOLE   977,634 0 0