Hi,
CNBC's Buffett Watch reported that Warren Buffett Says Berkshire Not Interested in Troubled Bond Insurers. Warren Buffett told Fox Business that Berkshire Hathaway won't be investing in any troubled bond insurer, including Ambac and MBIA.
Mr. Buffett Said: "We could have some kind of insurance transaction with them but we will not be investing in them or any other bond insurer. We've got our own bond insurer." Berkshire Hathaway has got License for his Berkshire Hathaway Assurance Corporation last year 2007.
For More information about the story:
Buffett Tells FOX Business Not Interested in Ambac, MBIA
New Buffett bond insurance business will stay on the safe side
Berkshire avoids troubled bond insurers
My pervious posted about Berkshire Hathaway Assurance Corporation:
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