[RinaseaofDs]

Finally, somebody calling Buffett on being a complete criminal scumbag.

He owned 20% of Moody’s when it was laundering DDD class mortgage debt into AAA rated Mortgage Backed Bonds.

That meant that your pension system could then buy bonds that no sane person would own.

Just to put 20% ownership in perspective, 5 to 7% is considered positive controlling interest in a company. 20% means he knew what was happening, and any protestations to the contrary means that the Great Man is nothing more than a feeble financial idiot, which he’s not.

Moody’s, plus government acquiescence, caused the mess. It was fraud, plain and simple, and Buffett should be rooming with an aids-infested body builder at the Q near San Francisco.

[FromLori]

Thanks for pointing that out many people don't seem to realize the amount of fraud and how it cost millions of people who had 401k's invested in their toxic loans they KNOWINGLY and FRAUDULENTLY sold as AAA. Yet no handcuffs so investors faced with no other options are now suing.

Banks accepted and bundled ‘deficient’ loans Mortgages rejected by due-diligence firm were lumped in, crisis panel says

Over 10,000 lawsuits against obama's favorite banker

[Pining_4_TX]

Somebody should tell that ditzy redhead on the Fox Business channel. She fawns all over Buffet and other liberal business tycoons. I tend to scream at the TV when she is doing one of her puff piece interviews.