Jun 2, 2010

Charlie Gasparino on Warren Buffett as a conflicted commentator on the financial markets

This is the problem with Warren Buffett: I'm sure he's a nice guy, I've known him for years, obviously he's a great investor, smart man; reporters tend to put him on a pedestal where they forget that this guy often talks his own book.

In defending the ratings agencies, and I've gotten a lot of calls from ratings agencies people today, their defenders, their flacks, they all say listen to what Buffett said. The reality is he's a conflict of interest, in and of himself. He owns a big piece of Moody's so of course he's going to defend it.

~Charles Gasparino, Fox Business News, June 2nd, 2010

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