Before anyone gets excited, Buffet's offer to Monoline Insurers was for only Municipal bonds and not for CLO, CDO.
Remember, Municipal Bonds side of the Business has been healthy.......atlease so far. The issue has been with CLO and CDO, this is where the time-bombs are sitting. Buffet's (who is always wise) will not going touch those with a thousand foot pole.
If this deal goes through (which is a big if), then I wonder what will happen to stock holders of Insurers........
In other words, the ISSUES STILL REMAIN.......
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