Sunday, November 30, 2008

Buffett joins bond insurance industry; AAA rating expected

NEW YORK — Warren Buffett's Berkshire Hathaway is entering the bond insurance business in a move that could lower borrowing costs for local governments having a hard time raising money during the credit crunch.

the.honoluluadvertiser.com/article/2007/Dec/29/bz/hawaii712290333.html