Buffett, Moody’s CEO: We Didn’t See the Bubble
Posted by admin in Finance Thursday, 3 June 2010 16:03 26 Comments
Testifying before the Financial Crisis Inquiry Commission, billionaire investor Warren Buffett and Raymond McDaniel, the chief executive of Moody’s said they failed to identify the housing bubble and it’s associated risks. (June 2)
Lots of mindless trolls… Oh wait, it’s youtube.
Lemme speak a language you all can understand:
CAPITALISM IS BAD!!!” CRROOOKS NEED to go to jail. my brotha iz an economistical, socialism is how it good for ppl BUFFETT SUCKS AND HIS SONGS ARE GAY
so your telling me that the richest man in the world, did not know “WHAT WAS GOING ON”.
Man, I’m sure glad those men in Congress threw such terrifying soft balls at these guys. We’re all much better off.
And Warren Buffet didn’t see it coming at all. He just sold his 10% stake in Freddie Mac as the bubble was inflating.
As the economist Dr. Stuart Crane was fond of saying, Things in the monetary world don’t just happen to happen. They happen because they were planned to happen.
Government is not reason; it is not eloquent; it is force. Like fire, it is a dangerous servant and a fearful master George Washington
The inherent vice of capitalism is the unequal sharing of the blessings. The inherent blessing of socialism is the equal sharing of misery. – Winston Churchill
While rationalism at the individual level is a plea for more personal autonomy from cultural norms, at the social level it is often a claim – or arrogation of power to stifle the autonomy of others, on the basis of superior virtuosity with words
In politics, nothing happens by accident. If it happens, you can bet it was planned that way. Franklin D. Roosevelt, Father of the Welfare State
A government that is big enough to give you all you want is big enough to take it all away.
Capitalists can exploit you only with your permission: by trading with you, selling to you, asking you to sell out.Government exploits you at the point of a gun.As long as you limit the power of the latter, the former can only exploit by providing better products, services and options. if they collude, then all bets are off. But that is a problem with government in that case fascism–not capitalism.
We must re-investigate what economy is truly about. US is a resource rich and technology rich country, we have all advantages to house, feed, and educate every single individual in our country, but we still have hunger, homeless, and illiterate about many other cultures. Israel builds and keeps on building even though they have no homeless, a lot of smart people, and can hide their nuclear weapons even after they have used it so many times.
a stupid of idiots…..
they didn’t see it because they live in a bubble.
they don’t use public transportation.
they don’t shop for their own groceries.
they don’t send their kids to public schools.
these people have no ideal what it takes to navigate threw life as a real person.
they don’t come in contact with the public.
Huffing & Puffing Buffetteering lying his thieving conniving ass off in front of the Financial Crisis Inquiry Commission. Buffetteering is when Buffett blames the entire American public for causing the housing bubble. Philip Angelides, these fools knew, ask Brooksley Borne, she told Clinton, Rubin, Summers, Geithner, Paulson, Greenspan, etc and these criminals along with the BigBanks shut her down. Buffet & McDaniels go directly to jail.
How buffet has any credibility anymore, I have no idea. He’s a puppet of the oligarchy and if that isn’t obvious to everyone now you’re not paying enough attention.
The video US government does not want you to see
Search For
“AFGHANISTAN WISDOM MADNESS”
@jortizz yeah i know.You can tell all these guys are liars. But theh honest people are labled as radicals and idiots.
See this is what we get; TV apolologists and “Well lol, I didn’t know”
Exactly….no one knew that exotic financial instruments were being packaged, sold, then SHORTED to the point of failure only to extort too big to fail bailout money from the tax payer?
WTF break up Goldman et al., and make them return the money to the treasury.
The investment banks saw an opportunity after the repeal of the Glass Steagall act…… and they screwed us. Simple.
Affirmative Action Banking. Anyone?
These idiots caused a WORLD depression! HANG these bastards!
hmmm, Ron Paul and the Austrian Economists saw the bubble. Maybe they should be the ones giving our government advice on how to avoid future bubbles.
Bullshit, they knew what was going to happen.
how could you not have seen the bubble ? I discovered it in 2007 and realized it was 20 trillion big and growing and I am a non universtiy studied individual. Maybe the difference is that I cared to see it. Strother III
I’d like to shove those “bubbles” up these fatcat’s asses!
KARMA is a Bitch!
@BeantownJim Exactly what I was going to say!
bubbling with greed and deceit
They didn’t see it They created it!
Regulations, anyone?
nah….. it’s too big to fail
There is obviously a lot to know about this. I think you made some good points in Features also.