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This is going to cost Buffett a lot of credibility if Goldman comes out looking bad (and I don't think the SEC would make this move unless they have what they n

This is going to cost Buffett a lot of credibility if Goldman comes out looking bad (and I don't think the SEC would make this move unless they have what they need to follow through).

ccarpenterg 17y ago
He's defending those $5 billion invested in GS.
- wtn 17y ago
  Yep just like he defends his investment in Moody's Investors Service.
- steveklabnik 17y ago
  Probably not. As cynicalkane says above, Buffett is known for for his personal integrity, and he's not going to throw that away for $5billion.
  - fleitz 17y ago
    $5 billion is only whats directly invested in GS. With a book as big as Buffet has and the interconnected web of finance GS going down hard could have repercussions to his portfolio of a far larger magnitude.
  - rdtsc 17y ago
    > Buffett is known for for his personal integrity... Aside from this cult followers claiming that, I only see a one of the most successful businessman in the world. One could equally have a psychopathic, dishonest, thief as the most successful businessman in the world. I guess, I would be more convinced of his "integrity" if he actually criticized GS or Moody's, while he still holds large investments in those firms.
mpk 17y ago
"if Goldman comes out looking bad" Hate to break it to you, but Goldman already looks pretty bad. What people are looking for now is what kind of official version of 'bad' is going to come out of this and if there are going to be any significant repercussions.