Buffett Muni Bonds

  • On February 12, 2008, Warren Buffett announced that he would help insure municipal bonds, through his company Berkshire Hathaway. The insurance would offer a second layer of protection up to $800 million. Berkshire Hathaway would charge a heavy premium on this insurance, offering it to Ambac, MBIA and FGIC. This insurance would, however, not be offered to cover mortgage-backed loans.

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