Any respect I had for the Oracle of Omaha went away after 2007. Ever since the real estate bubble burst, Buffett's been lobbying HARD to distract investigators from attaching any blame to Berkshire-owned Standard and Poor's for the blatantly fraudulent, blatantly bribed AAA ratings they stuck on really low quality subprime mortgage CDOs. Buffett's participation in that cover-up makes him just as guilty as the raters and salesmen who committed the crime, in my book; the man ought to be in jail.
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zvi and
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Date: 2011-05-01 06:09 pm (UTC)