Buffett Offers Bond Insures Plan To Re-Insure Municipal Bond Portfolios
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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.
Buffett said they were turned down by one and the others have not leapt to sign deals.
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