Buffett Bids for MBIA, Ambac Municipal Bond Contracts (Update6) (Bloomberg.com)
Story date: 2008-02-12 11:44:50
Added on: 2008-02-12 11:45:56
Feb. 12 (Bloomberg) -- Billionaire investor Warren Buffett said he offered to shore up $800 billion of municipal bonds guaranteed by troubled MBIA Inc., Ambac Financial Group Inc. and FGIC Corp. in a bid to gain 33 percent of the debt insurance market.
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