What We're Hearing

We've picked up another detail on the story about Wilbur Ross looking to buy mortgage insurer United Guaranty Inc. Apparently, Mr. Ross' W.L. Ross & Co. would buy (with a partner, perhaps) the MI as a going concern including all of the new business written this year. He also would get the employees, the licenses, and so on. The "old," pre-2009 book of business would be allowed to run off which means he'd be getting a "clean" company. Ross has yet to comment on reports that he's looking at UGI, which is owned by American International Group. Who owns AIG? Answer: mostly me, and you, and the rest of our fellow taxpaying Americans. AIG, which underwent a reverse stock split a few months back, is trading at $41 compared to a 52-week low of $6.60 and a high of $159...