Buffett's Offer: Great for Him, Terrible for Bond Insurers [View article]
Bond insurers messed up, and they deserve to be punished by the market forces. But there is no reason to punish all the municipal bond issuers. What Buffett is trying to do is to make (big) money for himself, bail municipalities out, and screw over the bond insurers.
Nobody would shed any tears for them except their unfortunate stock holders.
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The stock market worked perfectly after wards.
Buffett's Offer: Great for Him, Terrible for Bond Insurers [View article]
Nobody would shed any tears for them except their unfortunate stock holders.