Buffett Offers Bond Insures Plan To Re-Insure Municipal Bond Portfolios

On CNBC, Warren Buffett said he sent an offer to the three largest bond insurers last week offering to re-insure their municipal bond portfolios. Stocks: Ambac (NYSE: ABK), MBIA (NYSE: MBI), FGIC.

Buffett said they were turned down by one and the others have not leapt to sign deals.

You May Also Be Interested In

• Paramount Judge Accepts States’ Settlement Of Warner Bros Deal - Bloomberg
• Liquidia Technologies (LQDA) Halted, News Pending
• Senators will delay attempt to win approval of permanent Chinese car ban until November - Reuters