Sunday, May 02, 2010

WARREN BUFFETT LETS ME DOWN

In the past, Buffett has shown that he is a progressive but he defended Goldman Sachs and Moody's in his recent speech at the Berkshire Hathaway annual meeting. The only positive I can take from the speech is this:
"I haven't seen anything in Goldman's behavior that makes it any more subject to criticism than Wall Street generally," Mr. Buffett said at a news conference Sunday, the day after Berkshire's annual meeting.

This is why we need to change the culture on Wall Street.

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