Was Buffett Too Easy on Moody’s in FCIC Testimony?

Was Buffett Too Easy on Moody’s in FCIC Testimony?

Warren Buffett testified yesterday before the Financial Crisis Inquiry Commission along with Moody’s Chairman and CEO Raymond McDaniel. The purpose of the hearing was to probe the failure of the rating agencies to accurately rate securities associated with subprime housing loans during the real estate bubble. Was he too easy on Moody’s? Read this article for one opinion.

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