Ed Andrews, former NY Times reporter and predatory lending victim, has a few words for the Oracle of Omaha in his latest blog post. Andrews was obviously hoping to get some straight talk from Warren at yesterday’s hearing, but he proved to be just like every other financier dragged in front of Congress who tries to Birnbaum his way out of answering questions. Ironically, it’s probably the first time Andrews and Charlie Gasparino have ever agreed on anything.
Oh my God. I never thought i would ever say this, but Warren Buffett has turned into an evasive, disingenuous, bumbling buffoon. I've just finished watching the beloved Oracle of Omaha being grilled by the Financial Crisis Inquiry Commission about the catastrophic role of credit rating agencies, and it's pitiful to watch him plead ignorance on the most elemental questions about what Moody's and Standard & Poors did wrong or how they should be changed.
Warren Buffett’s Shameful Performance [CapitalgainsandGames]