Warren Buffet is rather quiet about the complicity of ratings agencies in the current mess, which is surprising given that he has happily pointed the finger at the other usual suspects.
Could his silence have anything to do with the fact that Berkshire Hathaway owns 20% of Moodys? The NYT takes up the issue.
A Finance Professor's blog. I am a Professor of Finance in the Poole College of Management at NC State University. My website: https://sites.google.com/ncsu.edu/warr Opinions are my own.
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