The B in KB Home

Eli Broad,who built Sun America and sold it to AIG for 18 billion dollars U.S.,says he thinks some of the writedowns being taken by financial firms are excessive.Mr.Broad,who also co-founded KB Home(KB Home) with Kaufman,gave his perspective on the current situation.He's not sure we're in the final innings of the financial crisis.We may be in the middle innings.Housing has to stabilize before we can recover.Consumer confidence continues to sink,and he doesn't think that will change until next year.AIG stock could be a very attractive buying opportunity once things settle down,in Mr.Broad's opinion.