Next on chopping blocks. There are som many more to come. Mr. Cassano’s exit follows the report of AIG’s largest quarterly loss of $5.29 billion, or $2.08, per diluted share. That’s down from $3.44 billion, or $1.31, per diluted share for the same period in 2006.
Who will go down first? Do we need them all? Moody’s affirmed MBIA’s triple-A rating, after the company raised $3 billion in capital. The company also agreed to separate its municipal and asset-backed businesses in the next five years, and to stop granting coverage to asset-backed debt for at least six months. Moody's Investors Service announced today that it has concluded its analysis of the residential mortgage and mortgage-related CDO exposures of Ambac Assurance Corporation, and is continuing a review for possible downgrade that was initiated on Jan. 16.
Buffet's letter released
2011 Flying Heart Cellars Red Wine - $5
13 years ago
No comments:
Post a Comment