What Buffett told the FCIC: Don't single out the rating agencies. What Charlie Gasparino wishes...

|By:, SA News Editor
What Buffett told the FCIC: Don't single out the rating agencies. What Charlie Gasparino wishes Buffett had said: "[They're] basically worthless. The big raters have missed every market implosion dating at least as far back as the New York City financial crisis in the mid-1970s... There's no reason to have rating agencies, and given the weight of his words, that could be the final nail in the coffin of this scam of a business."