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Warren Buffett speaks on Monday he is No longer offering to guarantee $800 million of municipal bonds backed by MBI, ABK and FGIC

Speaking on CNBC television, Buffett on Monday said his earlier offer is “not on the table.” Buffett’s insurance and investment company, Berkshire Hathaway Inc (NYSE:BRK-A - News; NYSE:BRK-B - News), in December started its own bond insurer, Berkshire Hathaway Assurance Corp. Separately, Buffett said “stocks are not cheap,” with the Standard & Poor’s 500 (^SPX - [...]

This entry was posted on Monday, March 3rd, 2008 at 7:58 am and is filed under Dollar Investment. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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