1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies

How long before Buffett is tripped up?

February 03, 2006

The biggest news coming out of the civil and criminal complaints against the insurers American International Group and General Reinsurance Corp. is that Warren Buffett may have known about the improper financial transactions.

The New York Times reports that Ronald Ferguson, General Re's former chief executive who is named in the complaint by the Justice Department and the Securities and Exchange Commission, may have sent an email message to Buffett asking whether the AIG transaction, "passed the NYT test." Buffett, the newspaper said quoting an anonymous source, responded by saying the deal passed the test, "but not by a huge margin."


Rating: 5.0/5 (1 vote)


Please leave your comment:

More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.

Performances of the stocks mentioned by

User Generated Screeners

Roger SteraWalter Schloss Screen2
Roger SteraPeter Lynch Screen
wwygeraGrowth Stocks
pbarker46Financial strength
song.chenghuaNet Net 2
song.chenghuaNet Net
Roger SteraGrowth stock
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)