The Digest #220
The Intelligent Investor, Antitrust and Big Tech, Berkshire Hathaway's Moat, Nuclear War Risks, The Invisible Man, AIG's Rise & Fall, Housing Prices, Barbary Wars, Speeches of Pericles ...
Hank Greenberg Ready to Testify About General Re Transaction
AIG's former CEO Maurice "Hank" Greenberg has indicated that he is ready to testify regarding AIG's transaction with Berkshire Hathaway's General Re group in 2000. The transaction in question was orchestrated by General Re in a manner that allowed AIG ...
Berkshire Lends a “Helping Hand” to AIG and XL Capital
Warren Buffett is not one to deny a friendly helping hand to companies in financial distress -- at a price, of course! The Wall Street Journal reported today that a subsidiary of Berkshire Hathaway signed "cut-through endorsements" with AIG and ...
Improved Credit Rating Firms Oversight Cannot Substitute for Investor Vigilance
The well publicized failures of the credit rating agencies in recent years was the subject of intense scrutiny today at the SEC Roundtable on Credit Rating Agencies today in Washington DC. However, none of the reform proposals relieve investors of ...
Unwinding AIG’s Derivatives Exposure
I found a recent article by Carol Loomis regarding AIG's continuing troubles to be quite interesting. As most Berkshire Hathaway shareholders know, Carol Loomis is a longtime friend of Warren Buffett and also edits his annual letter each year. Read ...
AIG’s Bonus Debacle
Anyone reading this who is a taxpayer in the United States is, in effect, a shareholder of AIG due to the Federal Government's infusion of $173.3 billion in bailouts over the past six months. These bailout funds have resulted in ...