Bill Ackman Talks Financial Regulation & Ratings Agencies ~ market folly

Wednesday, May 19, 2010

Bill Ackman Talks Financial Regulation & Ratings Agencies

We wanted to quickly highlight that BloombergTV recently had Bill Ackman of hedge fund Pershing Square on to talk about financial regulation and the ratings agencies. The conversation stems from Ackman's battle with MBIA where he shorted the stock and over the course of six years eventually won. This story is detailed in Christine Richard's new book Confidence Game that we recently reviewed. In order to help change the system, Ackman is in favor of Sheila Blair's proposal which he talks about in the interview.

Embedded below is the video and Email readers will need to come to the site to view it:

For more of our coverage on Bill Ackman, be sure to check out our recently updated post on Pershing Square's portfolio.

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