Warren Buffett is proposing to buy from the bond insurers $800 Bil. worth of municipal bond insurance from them. By buying from them their safest insurance, he would only be weakening these companies further, creating a worse situation for the bond insurance market and the financial markets while putting extra money in his pocket.
I agree with the thoughts of Mark DeCambre in the article from TheStreet.com linked below:
http://www.thestreet.com/story/10403198/1/buffetts-not-insurers-only-hope.html
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