Tuesday, February 12, 2008

Warren Buffet Offers to Reinsure Municipal Bond Insurers

Link.

DiSaronno Blog: Your Source for Financial News in Times of Economic Downturn!

3 comments:

Kerri Struggle said...

The market's up 200 points on this news, but it's not going to happen. It would be different if Buffet were to BUY MBI or AMK (as he has talked about before), but instead he's charging them up the ass to reinsure all the good debt (tax-exempt), while still leaving the bad debt un-reinsured. But if they do go for this, buy the banks.

Mark Gastineau said...

Wait a second, this is practical advice. What's going on here? I didn't sign up for this!

Firebird said...

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