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Warren Buffett tells CNBC this morning that he has a plan to help the troubled bond insurance situation, but so far it's not getting a very warm reception.In a live telephone call to Squawk Box just a few minutes ago, Buffett offered to reinsure $800 billion in municipal bonds now insured by Ambac, MBIA and FGIC, effectively giving them a AAA credit rating. Those insurers are in danger of losing their AAA credit ratings due to problems with subprime mortgages and other loans.Buffett tells us he sent that offer to the bond insurers last week, and that he's giving them 30 days to find a better deal. Buffett says one bond insurer turned him down, and he hasn't yet heard from the other two.
Treasury debt prices rose Monday as investors sought a safe haven for their assets in continued worries that a housing-led slowdown could be dragging the U.S. economy into recession.
Warren Buffett will be calling into CNBC's Squawk Box tomorrow (Tuesday, February 12) morning during the 8am ET hour for a First on CNBC live telephone interview with Becky Quick and the rest of the Squawk team. Buffett will be discussing the bond insurance situation.
Stock market bulls may be disappointed with the start to trading this week, but as one market underperforms there could be another reaping the rewards. If you need advice on where to put your money or adjust your portfolio then look no further.
Treasury debt prices rallied, recovering from their worst rout in four years as recession fears and worries about credit markets restored the allure of safe-haven government bonds.
Long bonds tumbled more than three full points on Thursday as selling accelerated following a poorly received auction of 30-year U.S. Treasurys.
Standard & Poor's is changing in the way it rates risk, implementing an overhaul that runs the gamut from governance procedures to public education to quell increasing scrutiny of the bond-rating firm's analytical integrity.
MBIA said on Wednesday it would raise $750 million by issuing new shares, as the largest U.S. bond insurer tries to boost its capital to retain the top credit ratings crucial for its business.
Treasury debt prices fell Wednesday as investors took profits from a rally that has pushed yields to four-year lows amid fears of a possible U.S. recession.
Treasury debt prices climbed Tuesday after data showed the all-important service sector contracted sharply last month, sending recession-wary investors into safe-harbor government bonds.
Long-dated U.S. Treasury debt prices fell Monday as traders took profits ahead of new supply of government bonds this week, cashing in on a recent rally driven by fears of a U.S. recession.
Financials have taken a big hit related to subprime problems, but now it's looking like no firm is safe — the mortgage mess is having an impact on a number of other sectors.
I tried to break down how the bond insurer crisis could impact the whole economy. You wrote back (see the bottom for criticism that it is the "worst" article to date!) Retired insurance analyst Mike S.:"A bit simplistic, but generally on target. Good job."
Most Americans don’t know the difference between "monoline" and "mononucleosis." Suddenly we’re told the fate of capitalism rests on saving teetering monoline bond insurers from losing their AAA credit ratings. Today I report on how this all relates to you.
Efforts to help bail out troubled bond insurers are escalating, with one group of big banks focusing on a potential rescue of Ambac Financial Group, CNBC has learned.
U.S. government bond prices rose as recession fears mounted after news of the first labor market contraction in four and a half years.
Treasury debt prices were little changed Thursday, paring earlier gains as stocks climbed amid assurances from a bond insurer that it has enough cash to cover its near-term needs.
It's been another volatile week in stock markets, but that doesn't mean there aren't plenty of investment opportunities out there. If you need advice on where to put your money or adjust your portfolio then look no further.
MBIA, a bond insurer struggling to maintain the top credit ratings necessary for its business, posted a quarterly loss on Thursday after a $3.5 billion writedown.
A dividend increase isn’t always a sign of a rosy financial picture. Karen Finerman plots the dividend dupe and how to protect against it.