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Warren Buffett's corrupt Moody's credit rating business is at the heart of the financial crisis. Funny he didn't mention that.

http://voices.washingtonpost.com/economy-watch/2010/05/credi...

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Nice straw man attack. How does that have anything to do with his argument that Uncle Sam helped calm one of the biggest economic crises in history?

Also implying that Moody is corrupt is asinine. Yes, they made mistakes (what credit agency didn't during the housing bubble?), but they didn't break any laws.

Would hardly call it asinine. There is a difference between illegality and corruption, and many would argue that us lawmakers have legalized bribery in the financial sector. You may disagree, but that doesn't make the viewpoint ignorant.

The implication, however, is that they were doing something shady that the rest of the credit rating agencies were not -- which is incorrect.

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