Thursday, June 3, 2010

Buffett's Take On The Credit Crisis

I think I have reached the point now where nothing tied to the housing bubble, the credit crisis and the recession surprise me anymore. The capper was the testimony of Berkshire Hathaway's (NYSE:BRK.A) CEO Warren Buffett in front of Congress on Wednesday.

The Testimony

In his testimony, Buffett said that he did not believe that the CEOs of the credit ratings agencies deserve to be fired, and that the companies should not be criticized too harshly because they "made a mistake that virtually everybody in the country made."

Please read the full column at: 
http://stocks.investopedia.com/stock-analysis/2010/Warren-Buffetts-Take-On-The-Ratings-Agencies-BRK-MCO-MHP-WFC-BAC-GS0603.aspx 

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