Buffett offers monline bond insurers olive branch
Warren Buffett offered monoline bond insurers an olive branch on Tuesday when he revealed in a TV interview with CNBC that he had offered to insure $800bn of municipal bonds guaranteed by Ambac, MBIA and FGIC.
Buffett told CNBC he has “offered to take over the liabilities for the whole $800 billion of these three companies for a premium that would be equal to, essentially, one-and-a-half times the remaining
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