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Buffett Moves Into Insuring Muni Bonds

Company will aid local governments, profit from credit crunch

By Jim O'Neill,  Newser User

Posted Dec 28, 2007 9:13 AM CST

(Newser) – Billionaire Warren Buffett is riding to the rescue of the municipal bond market—and taking advantage of an opportunity afforded by the credit crunch—by launching a municipal bond insurer, reports the Wall Street Journal. Berkshire Hathaway Assurance, which opens today in New York state,...   Read full story »

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