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Billionaire investor Warren Buffett offers a possible bailout for bond insurers, and another big-time investor takes him to the woodshed, with CNBCs Melissa Lee, Charlie Gasparino and Dennis Kneale.

...Buffett ...bailout plan, as revealed on CNBC, encouraged investors who are worried a failure of the so-called monoline insurers would further pressure an already fragile U.S. economy. Conway ...

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Warren Buffett shares his reaction to the House's passage of the financial bailout bill.

Markets rebounded on reports that bond insurer Ambac will be bailed out.

Oct. 3: Billionaire investor Warren Buffett tells CNBC that the bailout bill isn't a panacea, but it will help soften the blow to the U.S. economy, despite all the curent problems.