Banks all rally because Buffett offer to take off the hands of MBIA it's profitable and low risk Muncipal Bonds.
HELLO PEOPLE. That is not where the problem lies
ABK and MBI both surge in the morning - Guess where they closed - RED!!!! Buffett is only offering a headline to move the market. No fool will let him take away their bread and butter and leave them stuck with the subprime mess.
More BS Crap to move the market - NOTHING MORE. Tomorrow folks will be wondering why all the scamming? We all know the answer. The fundemtals say people like Buffett need to lose about 4 billion in their POSbank holdings. Propping that garbage so he can sell to you is what the headline was all about.
Remember Buffett is an insurance salesman that exploited 9-11 to try and sell insurance policies.
$26.6 (02/12/08)
