kotika98

What Did the Ratings Agencies Know About AIG?

the rating agencies should have been downgrading AIG all along as it was piling up the 200$B in financial insurance, a notch for every extra 20$B added. If they did that AIG might have stopped before it was too late. I personally realized something was fishy when the CFO proudly declared that AIG was unlikely to pay out even a dollar on all those financial insurance products it wrote - when was that? Sometime in 2007?

Goldman Sachs One-Upped Wells Fargo in Accounting Shenanigans

if they booked $10B in gains from AIG, and wrote down $7B of other assets they might just make $3B in earnings. but wait didnt they just say they did not, repeat did not, make any money from AIG? they would not flatly lie would they?

Don't Ban Naked Credit Default Swaps if the Law Can't Be Enforced

the rabbit is running terrified from the woods, and meets the wolf. Wolf asks why is the rabbit so scared. Rabbit says:
- The Bear is tearing off the balls off anyone who has three balls.
Wolf says:
- Hmm, but dont you have two only?
Rabbit answers:
- Yes, but the Bear tears them off first, counts second.

Insurance Industry in 2009: Race for Survival

nice analysis, bad spelling. in fact, so much incorrect grammar, one thinks its due to sloppy editing.

America's Insolvent Banks

"preferred shares, which I, for one, consider much closer to being liabilities than equity as far as a bank is concerned"

uhh.. please ... open an accounting textbook, before you say nonsense. There are only two kinds of items in the balance sheet, ASSETS and LIABILITIES. Both preferreds and common equity are liabilities.

America's Insolvent Banks

"a world of much stricter bank regulation, which means less opportunity for banks to gouge consumers when it comes to fees."

Someone should run for congress on this slogan.

America's Insolvent Banks

Felix,
"retained earnings" are a component of shareholder equity, so are a liability not an asset.

Goldman Says "Trust Us"

what they mean to say that they've made a lot more money shorting AIG stock than the net amount AIG owned them, after taking into account the collateral. whats not to believe? you can count on goldman to take advantage of any situation.

Short Investors Take Notice of AIG and MetLife

Thanks for the nice graph! The stock price is rising at the same time as the short interest is rising.

if there was ever a financial company with a "chicken little" attitude which should save it in this crisis it would be MET.