Before the housing bubble was even on the horizon, Warren Buffet became the largest shareholder in Moody’s. During the housing bubble a couple of the boy’s at Moody’s went soft and got worried that maybe they were being overly generous with their ratings…so they actually emailed Warren to let him know there may be problems, but really, why would Warren Buffet pay attention to those kinds of details? He was getting his money.
This is part of an awareness campaign on corruption in politics and finance. These videos are conceived and produced by Naked Emperor Productions, Inc.
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