Tuesday, February 12, 2008

Buffet Offers to Reinsure Muni Bonds....

Billionaire investor, Warren Buffett, talking on CNBC, offered to provide reinsurance on up to $800 billion in municipal bonds to Ambac, MBIA and FGIC. Deal would only cover insurers' safest investments and not trouble complicated financial instruments.

I'm sure we'll be hearing more about this today.....

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