06/03/2010 03:16 pm ET Updated May 25, 2011

Warren Buffett's Rating Agency Testimony Was A PR DISASTER: Felix Salmon

From a PR point of view -- and Warren Buffett cares deeply about his public image -- yesterday was arguably the single worst day of Buffett's life. He was dragged against his will (with a subpoena, no less) in front of the Financial Crisis Inquiry Commission, which grilled him on whether, as Moody's largest shareholder, he took any responsibility at all for the disaster that happened there. His answer "no" was met with unanimous derision, both in the mainstream media and in the blogosphere: see The Pragmatic Capitalist, or Bond Girl ("It's funny how heroes end up cutting themselves down to size even when no one else can")