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
guruek
guruek
Articles (5983) 

Bill Ackman Discusses Rating Agencies and Short Selling

June 01, 2010 | About:

Following an earlier video clip in which Bill Ackman claimed that our economy has been healed and built a bullish case for Citigroup, Yahoo!Finance Tech Ticker release two more video clips. Bloomberg reporter Christine Richar, author of book Confidence Game was also present in the interviews. The book details Bill Ackman's public battle with MBIA and rating agencies starting from 2002.

Clip 1: Bill Ackman's Plan to End the "Corruption" in Ratings

In this clip, Richard and Ackman discuss what has changed since Ackman started his battle against MBIA and the rating agencies. They also discuss Ackman's new plan to fight what he calls the "corruption" in the ratings process, specifically the "very unhealthy dynamic" between the rating agencies and the investment banks.



Clip 2: David vs. Goliath: Bill Ackman Explains Why Everyone Hates the Shorts






Rating: 4.2/5 (13 votes)

Comments

jrhubbard
Jrhubbard - 5 years ago
I think Ackman has it right. The rating agencies obviously perform a valuable service, but the incentives are all wrong. His is the best solution I have heard to reform their sector of financial services.

Please leave your comment:


GuruFocus Mobile App


User Generated Screeners


DBrizanHigh Quality 4May2016
DBrizanquality 4May2016
DBrizanquality dividend 4May2016
ducpham6Small Cap StrongGrowthBalanceS
bwarneIBD wide moat
pbarker46Shiller PE < 7
DANGORDON5-4-16
DANGORDONCLEAN ROE
DANGORDONROE
rael2222tripla A/1

Select portfolio(s):

  • Loading...

Why you are interested?

Your selection and notes will be stored in your portfolio.

Login to add portfolio
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)
FEEDBACK