"The improper treatment of dozens of reinsurance deals, with Warren Buffett's General Re and other companies, resulted in shareholder equity being inflated by as much as $1.7 billion, or 2 percent of market capitalization, the company said.
..........comes less than 24 hours after Buffett went on the offensive and declared that he wasn't fully briefed on what AIG's Hank Greenberg planned to do with the finite insurance deals."
Sounds like the Whoreacle of Omaha has let his left wing PC ism get in the way of good investing.
His losses, er investor losses on their Wash Po shares was $153,805,632. No wonder the Whoreacle of Omaha doesn't believe in dividends for those who buy the Whoreacle of Omaha's product.
Tsk, tsk, too bad.