DislikedWTFish market goes on.
GM reports $700 million loss and Dow spike UP
Ignored
Warren Buffett tells CNBC this morning that he has a plan to help the troubled bond insurance situation, but so far it's notting getting a very warm reception.In a live telephone call to Squawk Box just a few minutes ago, Buffett offered to reinsure $800 billion in municipal bonds now insured by Ambac, MBIA and FGIC, effectively giving them a AAA credit rating. Those insurers are in danger of losing their AAA credit ratings due to problems with subprime mortgages and other loans.