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Buffett Offers to Save Municipal Lenders

Stocks rally, but companies may rebuff opportunistic Hathaway

By Kevin Spak, Newser Staff

Posted Feb 12, 2008 2:39 PM CST

(Newser) – Warren Buffett rode to the rescue today, though the color of his horse is in question. The Sage of Omaha offered to reinsure $800 billion worth of municipal bonds, resolving “in one stroke of a pen” the jitters plaguing the municipal debt market. But... Read full story »

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Buffett Offers to Save Municipal Lenders

Stocks rally, but companies may rebuff opportunistic Hathaway

Warren Buffett • credit market • MBIA • Berkshire Hathaway • municipal bonds • Ambac Financial • Triple-A credit rating

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