How Billionaires Invest And Get Richer
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800 billion of bonds for MBIA, Ambac Monetary and Financial Guaranty Insurance coverage. Buffett's plan would allow the trio to regain a firmer monetary footing and inject confidence into the debt markets. There's a catch though: Buffett only wants municipal bonds, that are at relatively low danger of defaulting. He's offering to insure low-risk debt for a hefty payment.
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