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Buffett Offers Rescue Plan for Bond Insurers

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Buffett Offers Rescue Plan for Bond Insurers

Economy

Buffett Offers Rescue Plan for Bond Insurers

Buffett Offers Rescue Plan for Bond Insurers

  • Download
  • <iframe src="https://www.npr.org/player/embed/18939121/18939113" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

Bond insurers lost big when they got involved with complex mortgages securities. Now Warren Buffett is throwing a lifeline to these struggling companies. The billionaire investor offered to back up $800 billion worth of bonds guaranteed by them.