About a decade ago, finite risk insurance and reinsurance came under regulatory scrutiny. Hank Greenberg, the CEO fixture of AIG was removed and a potential Warren Buffet replacement at Berkshire Hathaway, Joe Brandon resigned from GenRe as a result of the scandal. The article "The Uses and Abuses of Finite Risk Reinsurance" highlights the advantages and potential pitfalls of these particular risk financing methods.

$1.$ Were the problems with finite risk reinsurance mainly an insurance problem or an accounting problem? Explain your answer.

$2.$ Given the history of these products, is there still a use for them today? Explain your answer.

$3.$ Explain the concept of transparency when applied to these types of products

$4.$ Based on your research of this topic, did $($or should$)$ any of the finite risk reinsurance scandal tarnish Warren Buffet and Berkshire Hathaway? Explain your answer.