Charlie Gasparino Reveals Warren buffett
Uploader Comments (TheNewWaveSlave)
All Comments (12)
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@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.
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@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.
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@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.
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@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.
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i dont see how Gasparino can last long on fox...
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@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.
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shut the fuck up Gasparino....
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Gasparino = failed trader. All cnbc hacks cannot make money. They need to work and receive a paycheck.
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