Does Warren Buffett agree with Meredith Whitney about the prospect of municipal defaults, even...

|By:, SA News Editor

Does Warren Buffett agree with Meredith Whitney about the prospect of municipal defaults, even if her timing was somewhat off? Some investors reckon that Berkshire Hathaway's (BRK.A) recent termination of CDSs that insure $8.25B of debt for 14 states is an indication of Buffett's doubts about the state of municipal finances. The move comes as money floods into muni bonds.