He knowingly allowed ZZZ level debt to be rated AAA so that it could be viewed as investment grade. On the basis of that, AIG sold them insurance on that debt.
Warren owned 20 percent of Moody’s through that whole mess.
Had the three rating agencies not committed the worst fraud ever in the history of mankind, 2008 would not have happened.
Oh, I see /s
Buffett is just a democrat crony capitalist. He and Obozo probably go to the same bathhouse.