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Strategies & Market Trends : Value Investing
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To: E_K_S who wrote (29783)1/19/2008 4:08:29 PM
From: Madharry  Read Replies (1) of 78661
 
I dont agree with the article nor do I agree with your conclusions. Buffett is entering the business and I imagine aig will expand. Certainly a berkshire-hathaway aaa rating is worth something. My own sensibility is that I would not want to own the rating agencies anymore. why should anyone trust them? their models have now been proven false. I dont think anyone is ever going to soley rely on a AAA rating by an agency anymore. This will mean more employment for financial analysts.
However with respect to ABK I dont know why they would not attempt a rights offering unless they feel that they are so tainted now that no one will accept their gty anyway so they should lay off most of their staff and go into runoff mode and that that is the best outcome for shareholders. Perhaps they could sell their business without the existing portfolio to Berkshire Hathaway. As a shareholder I could certainly live with that. I ll take some BRKB and the portfolio runoff.
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