Warren Buffett, chairman of Berkshire Hathaway Inc., may cash in from the credit market turmoil and worries surrounding the financial strength of bond insurers, including Ambac Financial Group Inc. and MBIA Inc (MBI.N: Quote, Profile, Research), the Wall Street Journal said in its online edition on Monday.
With more than $45 billion in cash on its books, a triple-A credit rating and years of experience insuring other insurers against catastrophic losses, Berkshire Hathaway (BRKa.N: Quote, Profile, Research) is in a position to provide relief to some of these companies and could get into the bond-insurance business itself, the Journal said citing people familiar with the matter.
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