{"id":735022,"date":"2010-05-27T18:51:03","date_gmt":"2010-05-27T22:51:03","guid":{"rendered":"http:\/\/washingtonindependent.com\/?p=85914"},"modified":"2026-10-04T12:45:45","modified_gmt":"2026-10-04T16:45:45","slug":"fcic-has-to-force-buffett-to-testify-on-ratings-agencies","status":"publish","type":"post","link":"https:\/\/mereja.com\/index\/735022","title":{"rendered":"FCIC Has to Force Buffett to Testify on Ratings Agencies"},"content":{"rendered":"<p>Fortune has a great story up: The Financial Crisis Inquiry Commission <a href=\"http:\/\/money.cnn.com\/2010\/05\/27\/news\/companies\/buffett_fcic_subpoena.fortune\/index.htm?section=money_topstories&amp;utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+rss%2Fmoney_topstories+%28Top+Stories%29&amp;utm_content=Google+Reader\">requested<\/a> that Warren Buffett, the head of investment giant Berkshire Hathaway, come testify. He declined. The panel &#8212; charged with investigating the causes of the financial crisis and known for its aggressive and public grilling of Wall Street executives &#8212; asked again, this time using somewhat stronger language. Buffett again said no. So the FCIC subpoenaed the Oracle of Omaha, in all caps no less. &#8220;YOU ARE HEREBY COMMANDED to appear and give testimony,&#8221; their letter read.<\/p>\n<p>And, lo and behold, Buffett will testify on Wednesday on the subject of ratings agencies. Berkshire Hathaway controls a major stake in Moody&#8217;s, one of the three big credit raters.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fortune has a great story up: The Financial Crisis Inquiry Commission requested that Warren Buffett, the head of investment giant Berkshire Hathaway, come testify. He declined. The panel &#8212; charged with investigating the causes of the financial crisis and known for its aggressive and public grilling of Wall Street executives &#8212; asked again, this time [&hellip;]<\/p>\n","protected":false},"author":4376,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4821],"tags":[],"class_list":["post-735022","post","type-post","status-publish","format-standard","hentry","category-news"],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9NivD-35dc","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/735022","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/users\/4376"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/comments?post=735022"}],"version-history":[{"count":1,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/735022\/revisions"}],"predecessor-version":[{"id":836654,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/735022\/revisions\/836654"}],"wp:attachment":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/media?parent=735022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/categories?post=735022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/tags?post=735022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}