(2008-11-12) Buffett Moodys

I had totally missed that Warren Buffett owns a big chunk of the Moody's Credit Rating agency (since 2002). Doesn't that make his involvement in Credit Crisis 2008 a bit tainted? (Conspiracy Theory)

(There are other questions around possible conflict-of-interest with Moody's rating insurance companies, of which Berkshire Hathway is one.)

Some links on his involvement

• Motley Fool in 2006

• May'2008 post noting Moody's has lots of debt, and their profits have dropped in last couple years.

• Feb'2008 post on whether Moody's downgrades of insurance holdings push them into selling out to Berkshire.