FBN moves the market?
Talking Biz News blogs about FBN exclusives causing the market to move today…
Fox Business anchor Liz Claman secured another market-moving exclusive with Warren Buffett at 2:22 p.m. ET with Buffett speaking on the phone to Claman about rumors swirling that he would do a deal with bond insurers.
Stock prices for MBIA and AMBAC moved off their highs after the Fox Business exclusive, in which Buffett said, “We could have some kind of insurance transaction with them but we will not be investing in them or any other bond insurer. We’ve got our ‘own’ bond insurer…Berkshire Hathaway Assurance is already up and running in New York state and has already done a couple of deals.”
