Berkshire Hathaway Inc.’s $1 billion note sale shows that while Chief Executive Officer Warren Buffett may pity investors who’ve stuck with bonds as yields fall to record lows, he’ll sell them as much debt as they want.
Gary Kain spent 20 years at Freddie Mac managing as much as $800 billion of bonds before the U.S. took over the company. Since 2009, he’s used his knowledge of the home-loan market to help turn American Capital Agency Corp. into the fastest growing mortgage debt investor.
American International Group Inc. investors should be able to sue companies that conspired with some of the insurer’s top executives to manipulate its finances, a lawyer told Delaware Supreme Court justices today.
The Federal Reserve should pay more attention to the harm inflicted on savers by record-low interest rates, said Steven Kandarian, the chairman and chief executive officer of MetLife Inc., the largest U.S. life insurer.
Federal Reserve efforts to boost liquidity in the banking system haven’t shown proof of helping the economy and are punishing savers, Alleghany Corp. Chief Executive Officer Weston Hicks wrote to shareholders.