Gtarras

William Ackman of Pershing Square: We Erred in Buying AIG Post-Bailout

Mt Ackman shorts MBI, that has exactly same issues as AIG, namely subprime ABS CDOs, and then screams at every corner how bad MBI book is... He tried to do exact same thing back in 2001, but was not LUCKY back then... AIG has SAME book problems as MBI, and yet Mr Ackman, after loading heavily on its stock, promotes its stock heavily... What does it tell you of Mr Ackman, his "acumen" and whether anybody in his right mind should ever pay attention to his self-promoting rubbish... ???