Gasparino is one of the few financial journalists that will expose the truth about the industry. He needs to be supported. Buffet has been put on a pedestal that is not deserved.
@erditcokaj Excuse me, what is wrong with what Gasparino said? What they said about Buffet is factually true. Moodys let the nation down and Buffet knows that. Buffet has been put on a pedestal by financial reporters that want an interview.
"Thank you Charlie Gasparino for not bowing down to worship at the alter of Warren Buffett like most financial reporters of today."
Yes and thank you Charlie for showing us all you have no idea what the meaning of investing is about and that your opinion isn't worth the crap people scrape off the bottom of their shoes. I didn't realize Warren Buffett is responsible for all the idiots and ignorant fools out there who lost on these investments because they were too lazy to do their own research.
@djdj71d djdj the problem is that dozens of books about 'how the crisis happened' pull out Warren Buffet as some kind of genius with his famous quote, 'credit derivatives are weapons of financial mass destruction' or whatever...then these books go on to describe in excruciating detail how Moody's and S&P rated things highly they knew shouldnt have been rated highly, because they were making big profits and scared of losing business. Gasparino is as much after the media hypocrisy here.
@djdj71d djdj the problem is that lots of books about 'how the crisis happened' pull out Warren Buffet as some kind of genius with his famous quote, '[credit derivatives are weapons of financial mass destruction]' or whatever...then these books go on to describe in excruciating detail how Moody's and S&P rated things highly they knew shouldnt have been rated highly, because they were making big profits and scared of losing business. Gasparino is as much after the media hypocrisy here.
I really liked how this started, and then after they showed the video the whole thing fell apart. How does what Buffett say undermine his credibility? He said basically, "No, it wasn't their fault, nor was it mine." Gasparino goes on to say that Bear Stearns kept toxic bonds b/c they were AAA rated (not knowing they were toxic), but implies that Buffett somehow knew they were toxic. So which is it... did people know or not know? Ehhhh.... I only agree that Buffett knows they're a bad biz.
@WowzaGuy Buffet said credit derivatives are 'weapons of financial mass destruction' or whatever, its been quoted all over the place. Guess what Moody's rated as AAA? Credit derivatives, in the form of its ratings on Synthetic CDO tranches. That is nothing more than AAA rating a group of credit default swaps, which are credit derivatives. Buffet also harshed on credit insurance, you can do similar critique RE Moody's ratings and the role of credit insurance. Gasparino is right.
@WowzaGuy Buffet said credit derivatives are '[weapons of financial mass destruction]' or whatever, its been quoted all over the place. Guess what Moody's rated as AAA? Credit derivatives, in the form of its ratings on Synthetic CDO tranches, which are nothing more than a group of credit default swaps, which are credit derivatives. Buffet also harshed on credit insurance, you can do similar critique RE Moody's ratings and the role of credit insurance. Gasparino is in general right.
i dont see how Gasparino can last long on fox...
DoBrigh 1 year ago
Gasparino is one of the few financial journalists that will expose the truth about the industry. He needs to be supported. Buffet has been put on a pedestal that is not deserved.
jeffmaylor 1 year ago
@jeffmaylor I completely agree!
TheNewWaveSlave 1 year ago
shut the fuck up Gasparino....
erditcokaj 1 year ago
@erditcokaj Excuse me, what is wrong with what Gasparino said? What they said about Buffet is factually true. Moodys let the nation down and Buffet knows that. Buffet has been put on a pedestal by financial reporters that want an interview.
jeffmaylor 1 year ago
Gasparino = failed trader. All cnbc hacks cannot make money. They need to work and receive a paycheck.
Exposethefrauds 1 year ago
"Thank you Charlie Gasparino for not bowing down to worship at the alter of Warren Buffett like most financial reporters of today."
Yes and thank you Charlie for showing us all you have no idea what the meaning of investing is about and that your opinion isn't worth the crap people scrape off the bottom of their shoes. I didn't realize Warren Buffett is responsible for all the idiots and ignorant fools out there who lost on these investments because they were too lazy to do their own research.
djdj71d 1 year ago
@djdj71d djdj the problem is that dozens of books about 'how the crisis happened' pull out Warren Buffet as some kind of genius with his famous quote, 'credit derivatives are weapons of financial mass destruction' or whatever...then these books go on to describe in excruciating detail how Moody's and S&P rated things highly they knew shouldnt have been rated highly, because they were making big profits and scared of losing business. Gasparino is as much after the media hypocrisy here.
DoBrigh 1 year ago
@djdj71d djdj the problem is that lots of books about 'how the crisis happened' pull out Warren Buffet as some kind of genius with his famous quote, '[credit derivatives are weapons of financial mass destruction]' or whatever...then these books go on to describe in excruciating detail how Moody's and S&P rated things highly they knew shouldnt have been rated highly, because they were making big profits and scared of losing business. Gasparino is as much after the media hypocrisy here.
DoBrigh 1 year ago
I really liked how this started, and then after they showed the video the whole thing fell apart. How does what Buffett say undermine his credibility? He said basically, "No, it wasn't their fault, nor was it mine." Gasparino goes on to say that Bear Stearns kept toxic bonds b/c they were AAA rated (not knowing they were toxic), but implies that Buffett somehow knew they were toxic. So which is it... did people know or not know? Ehhhh.... I only agree that Buffett knows they're a bad biz.
WowzaGuy 1 year ago
@WowzaGuy Buffet said credit derivatives are 'weapons of financial mass destruction' or whatever, its been quoted all over the place. Guess what Moody's rated as AAA? Credit derivatives, in the form of its ratings on Synthetic CDO tranches. That is nothing more than AAA rating a group of credit default swaps, which are credit derivatives. Buffet also harshed on credit insurance, you can do similar critique RE Moody's ratings and the role of credit insurance. Gasparino is right.
DoBrigh 1 year ago
@WowzaGuy Buffet said credit derivatives are '[weapons of financial mass destruction]' or whatever, its been quoted all over the place. Guess what Moody's rated as AAA? Credit derivatives, in the form of its ratings on Synthetic CDO tranches, which are nothing more than a group of credit default swaps, which are credit derivatives. Buffet also harshed on credit insurance, you can do similar critique RE Moody's ratings and the role of credit insurance. Gasparino is in general right.
DoBrigh 1 year ago