Summoned to New York, Buffet backs ally
The fundamental reason for Moody’s disastrously optimistic credit ratings on billions of dollars of mortgage derivatives was not fraud or conflicts of interest, but simply the failure to predict a nationwide housing market collapse in the US, Warren Buffett said yesterday – and even he hadn’t predicted such a thing.
Read more on Independent
0 Responses to “Summoned to New York, Buffet backs ally”