Excerpted from Portfolio.com, “The End of Wall Street”, Lewis, Nov. 14, 2008

This was Moody’s, the aristocrats of the rating business, 20 percent owned by Warren Buffett.”

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Ken’s Take: How come Mr. Buffett gets a pass on this mortgage mess?  Until this article, I hadn’t seen his ownership stake in Moody’s — which rated the toxic assets AAA — mentioned anywhere.

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