This is going to cost Buffett a lot of credibility if Goldman comes out looking bad (and I don't think the SEC would make this move unless they have what they need to follow through).
"if Goldman comes out looking bad"
Hate to break it to you, but Goldman already looks pretty bad. What people are looking for now is what kind of official version of 'bad' is going to come out of this and if there are going to be any significant repercussions.Aside from this cult followers claiming that, I only see a one of the most successful businessman in the world. One could equally have a psychopathic, dishonest, thief as the most successful businessman in the world.
I guess, I would be more convinced of his "integrity" if he actually criticized GS or Moody's, while he still holds large investments in those firms.