A hero at risk.

• Author: Peters, Charles
• Position: TILTING at windmills - Warren Buffet - Brief article

Why has Warren Buffet risked his reputation for wisdom and objectivity to defend Goldman Sachs and Moody's? Those who have admired Buffet's support for the estate tax and opposition to the unfairness of the payroll tax, both of which are against his own self-interest, are puzzled by his unqualified defense of Goldman and Moody's, which at first blush seems to be motivated by a desire to protect his own pocketbook.

I got to know Warren forty years ago when he was good enough to put money in the Washington Monthly at a crucial time in its struggle for survival. I have never met a smarter man, nor one capable of a higher degree of objectivity. So I suspect somewhere...