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Warren Buffett Will Be Witness As Financial Crisis Panel Looks at Credit Ratings

Warren Buffett
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Warren Buffett

Warren Buffett will appear before the 10-member bi-partisan panel created by Congress to look at the financial crisis.

Today the Financial Crisis Inquiry Commission listed Buffett among the scheduled witnesses for its next public hearing, "Credibility of Credit Ratings, the Investment Decisions Made Based on those ratings, and the Financial Crisis."

That session is scheduled for next Wednesday, June 2 at New York City's New School.

Buffett will appear with Moody's Chairman and CEO Raymond McDaniel. All of the day's other witnesses are with Moody's Investors Service.

Buffett's Berkshire Hathaway is Moody's largest shareholder, with a stake of 13 percent. Berkshire has, however, been reducing its holdings over the past year.

Current stock prices:

Berkshire Class B:

Berkshire Class A:

Moody's:

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