S.&P. ‘Negative’ on Berkshire Hathaway

[bijou]

Not long after Berkshire Hathaway uncharacteristically entered the takeover fray for Transatlantic Holdings, offering $3.25 billion, the credit ratings agency Standard & Poor’s had a surprise of its own: It lowered its outlook on Warren E. Buffett’s company.

While affirming the AA+ ratings of Berkshire Hathaway and four other insurers, S.&P. said it was revising its outlook on the five to “negative”

http://dealbook.nytimes.com/2011/08/...hire-hathaway/

And in unrelated news:

Buffett says U.S. debt should be rated 'quadruple A'

Read more: http://journalstar.com/business/loca...#ixzz1USoAB3LB

Obama's pal suffers a setback.

[lacarnut]

http://dealbook.nytimes.com/2011/08/...hire-hathaway/

And in unrelated news:


Read more: http://journalstar.com/business/loca...#ixzz1USoAB3LB

Obama's pal suffers a setback.

The senile old coot needs to retire. The luster has worn off Berky in the last several years with some very bad investment moves that he has made. The stock is down for the year and that was before the sell off 10 days ago.