Buffett kills the Bond Insurers …
… and everybody cheers … close to being unbelievable …
Buffett offers to take on “all” Muni Bonds … the least risky and juciest of the bond insurers’ portfolios …
Good move for him … but bad move for the bond insurers … even he expects them to PAY UP for this favor to him …
But … WHY do people buy the market on this news??? Are they really that stupid???
Everyday a new worthless pseudo-positive news … without any real-world-impact.
And everybody cheers … WOW (World of Wonders) 
Stupidity rules!!!
What he says is … NO new business will escape him … and every bond insurer who will accept his offer will be sure to go out of business soon as this would be a further drag on earnings!!!
Tags: bond insurers, Buffett
