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Moody's whistleblower Kolchinsky sues for Moody's $15 million

McClatchy covered the story, on September 13, 2010. Pravda, oddly, or not, never did. For those who came in late, Warren Buffett, who is Pravda's "lead director" , also owns a chunk of Moody's.

Moody's, along with the other ratings agencies, played a key role in inflating the most recent bubble by giving toxic assets artificially high ratings. And after the bubble popped, Buffett's companies benefited greatly from looting taxpayer largesse during the bailouts, and from Federal subsidies in the form of guaranteed backing thereafter.*

Obviously, one should never trust Pravda on a story where one of the MOTU is involved. The only problem... Is that the MOTU are involved in every story. That's because they're MOTU!

NOTE * Hilariously, Buffett told Congress he didn't even know where Moody's is located. Due diligence!

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CMike's picture
Submitted by CMike on

Here's what's been going on lately with what is down to a 12.56% chunk of Moody's that Warren Buffett's Berkshire Hathaway owns.

Check out where things stood with 11 and 12 on August 16.

Submitted by lambert on

Although I can't help but think there's a riff in "Warren Buffet" somewhere.