Before he was the man behind the exploding trains, he was the man behind the exploding Mortgage Backed Securities.
His firm, Moody’s, was rating MBS’s that were loaded with mortgages made to illegal immigrant strawberry pickers making $25,000/year as AAA investment grade securities.
This made it possible for pension plans, churches, and other non-profits to buy the toxic assets.
When they blew up, and Goldman was holding the bag, he then came along and bought their stock for peanuts to save them from going under.
He should be swinging from a lamppost.
” Before he was the man behind the exploding trains, he was the man behind the exploding Mortgage Backed Securities.
His firm, Moody’s, was rating MBS’s that were loaded with mortgages made to illegal immigrant strawberry pickers making $25,000/year as AAA investment grade securities.”
Buffett is one of the worst sleaseballs in America.