Warren Buffett Is a Hypocrite

Lauren Tara LaCapra is not pleased with Buffett's recent lobbying efforts against derivatives reform after years of criticizing the financial products. "Nonetheless, Buffett's self-serving actions and blatant hypocrisy are disappointing. It tarnishes his reputation as a sagacious philanthropist -- albeit a capitalist one -- who supports sensible measures for ordinary investors. Buffett's annual letters read like guides for the Average Joe investor, but his recent actions smack of a wealthy, spoiled brat: It's okay to hammer everyone else with reforms that will help the system; just don't hammer Berkshire."