Don't single out the raters for criticism, Warren Buffett tells the FCIC with Raymond McDaniel...

|By:, SA News Editor
Don't single out the raters for criticism, Warren Buffett tells the FCIC with Raymond McDaniel (MCO) at his side; Moody's managers just "made a mistake that 300 million other Americans made" in overestimating housing-related assets. Buffett had a stake in Moody's since 2000 and says if he knew the bubble would get that big, he'd have sold.