Warren Buffett no longer wants to resume the "municipal bonds"
The American billionaire Warren Buffett has withdrawn its offer of resumption of $ 800 billion of "municipal bonds, bonds issued by municipalities in the United States, guaranteed by the American credit enhancers, including Ambac, FGIC and MBIA.

A fortnight ago, the supply of bailout by Warren Buffett sector credit enhancement American was described as "ridiculous" by some professionals. Michael Callen, president of the booster credit Ambac, had indicated that it would "not taking seriously".

Rejected by the three major American credit enhancers - MBIA, Ambac and FGIC - the offer has therefore now become unnecessary. No wonder, under these circumstances, that the Warren Buffett withdrew.

The project was to resume billionaire 800 billion of "municipal bonds, bonds issued by municipalities. This outstanding does not present a risk of non-repayment, unlike structured issuances of debt that the booster credit guarantees have massively in recent years and that are at the root of their present difficulties.

"If you have a house and it will offer 50 dollars, you will not even discuss it. Mr Buffett did not become a billionaire by not knowing see a good deal when there is one" , had noted Mr. Callen, president of Ambac