Buffett Backs Municipal Bonds
Read the full article: http://www.makemadmoneywork.com/2008/02/12/buffett-backs-mun...
Buffett’s offer to back Municipal Bonds sent the stock market soaring on hopes that there would be help on potential claim increases. Buffett’s reinsurance offer does not cover any of the subprime mortgage debt and subprime is still likely to have a major effect for the bond insurers.
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