In a live telephone call to Squawk Box, Buffett offered to reinsure $800 billion in municipal bonds now insured by Ambac, MBIA and FGIC, effectively giving them a AAA credit rating.
Related Links :
- Buffett's Big Muni Bond Offer: CNBC Interview Transcript (Part 1)
- Buffett Sees Stocks In "General Range of Fair Value": CNBC Interview Transcript (Part 2)
- Buffett on Bond Insurers
- Billionaire Warren Buffett, Berkshire Hathaway chairman/CEO has some plans to resurrect this industry.
- Buffett on Bond Insurers 2
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