Warren Buffett is getting a lot of negative reviews for his appearance under subpoena yesterday (Wednesday) before the Financial Crisis Inquiry Commission.

In response to respectful, but pointed, questioning, Buffett argued that Moody's shouldn't bear all the blame for giving favorable ratings to subprime mortgage loans that later went horribly bad, sparking the financial crisis we've all been living through these past few years.

Almost everyone, he said, believed at the time that housing prices couldn't crash.  "Look at me.  I was wrong on it too.".................

Full Story: http://wallstreetpit.com/30548-buffetts-shameful-performance