A caveman could do it. Did Warren get downgraded because he threw all his chips into the stock market? I always thought he knew what he was doing, but this smacks of some sort of validation regarding his recent support of socialism (or at least his recent support of a socialist). My stockbroker used Warren as an example of why I should throw all my money in the stock market. I went 70% treasury bills instead.
While I certainly don’t agree with his politics or his love for Obama and the “socialistic republic” this is kind of depressing. For them to be in trouble, who is safe?
I wonder if the bar needs to be lowered for a while by S&P and AMBest (well, they can be bought off…)
AM Best for years has been a powerfull and in my opinion corrupt organization. Trust me, you can whine and dine them and give them tickets to things like football games, basketball games,etc and they look the other way.
The grave yard it littered with carriers who had far better financials/results than AIG and were downgraded long ago and shut down.
No way would they downgrade AIG with comrade Obama in charge….
in anything easy?! no way! warren understands and knows what he’s talking about. most of his companies are not on the stock markeet. financially stable they are — GEICO is solvent! i think warren will not let his other companies crumble either…..
A caveman could do it. Did Warren get downgraded because he threw all his chips into the stock market? I always thought he knew what he was doing, but this smacks of some sort of validation regarding his recent support of socialism (or at least his recent support of a socialist). My stockbroker used Warren as an example of why I should throw all my money in the stock market. I went 70% treasury bills instead.
With the stock market not delivering it must be difficult for a company with no field underwriting to produce an underwriting profit
While I certainly don’t agree with his politics or his love for Obama and the “socialistic republic” this is kind of depressing. For them to be in trouble, who is safe?
I wonder if the bar needs to be lowered for a while by S&P and AMBest (well, they can be bought off…)
Can someone explain why AIG was never downgraded?
Reaper:
AM Best for years has been a powerfull and in my opinion corrupt organization. Trust me, you can whine and dine them and give them tickets to things like football games, basketball games,etc and they look the other way.
The grave yard it littered with carriers who had far better financials/results than AIG and were downgraded long ago and shut down.
No way would they downgrade AIG with comrade Obama in charge….
in anything easy?! no way! warren understands and knows what he’s talking about. most of his companies are not on the stock markeet. financially stable they are — GEICO is solvent! i think warren will not let his other companies crumble either…..