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