He says that AIG, Merrill Lynch, and Lehman Brothers all had one thing in common: share buybacks during the past 18 months or so. I would say “a ha!” if I understood exactly what that means. But I do get rather confusingly typed conclusion:
One last point, has the irony of 3 of largest companies in the country who make their money giving financial and insurance advice to companies and individuals, are facing ruin from the advice they gave themselves ? If this isnt a lesson to every individual who is taking advice from an investment firm, i dont know what is.
