He was supposed to be "shining citi on the hilltop", instead we know that he is coldblooded insider, money/fame craving buffoon , who made his money , mostly from monopolies and Government connections. And Wall Street loved him to show as cuddly , folksy old grand oracle. Well, sorry, there is nothing new in the world since Eve ate apple. Big money made by being( or eventually progreesing to be) SOPITALIST. Honest people have much, much harder time. So there was Buffet versus Madoff. Now there is Madoff and Madoff and Mad Off and nothing else left from Wall Of Shame called Wall Street.
Here is a person, who called derivatives the WMD(weapons of mass destruction) and he must have known it first hand, as his own babe MCO( Moodys) was the MONOPOLY( one of them with S&P and Fitch) and he says, well, I do/did not know what Moodys were doing just as I do not know what goes into washing powder TIDE( PG is also owned by Buffoon). OK keep on Buffing!
Ok, to even compare Tide with multi-trillion derivatives business, he himself called WMD's make BUFFET-> BUFFOON. But our subscribes knew this LOOOOOOOOOOONG time ago
To paraphrase Dear Mr. Buffoon himself.
WHEN THE TIDE ( i do not mean detergent) GOES OUT... (:-
Yoo complete it Dearest Readers.