Hi,
CNBC's Buffett Watch Posted Buffett's Berkshire Backs Over 100 Muni Bonds In Last Two Days. With about 40 billion in Berkshire Hathaway Warren Buffett offered to reinsure $800 billion in municipal bonds now insured by Ambac, MBIA and FGIC. In my pervious posted Warren Buffett Going to Save Bond Insurance.
My pervious posted Berkshire Hathaway Grow In New Bond Insurance Berkshire Hathaway had expanded into a troubled field as the company backed 112 issues in just the past two days, according to Moody's Investors Service.
In Dec 2007, Warren Buffett's Berkshire Hathaway creates a bond insurer Called Berkshire Hathaway Assurance Corporation. Berkshire Hathaway Assurance Corporation Has AAA credit rating.
For more information:
Has Buffett Found His Elephant Deal? Why municipal bonds now have Buffett so excited
Moody's assigns Berkshire insured munis top rating
Buffett Loves Munis, Coke M&A Fizzles, Unlovable Lowe’s
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