Warren Buffet Wants An Exemption From Financial Reform

Please stay with me while I get my arms around this whole financial reform thing.  "The Savior" and his leftist cronies are going to save us from the big bad rich guys on Wall Street but one of the biggest and baddest - Warren Buffet (an Obama supporter) - wants an exemption from this.  Unless I am mistaken - if you make a loop hole for one of the richest men in the world - that loop hole would apply to all the other rich people too.
Oh mighty savior with your massive Harvard brain that is so much more powerful than mine.......just exactly what are you reforming?