How Billionaires Invest And Get Richer
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800 billion of bonds for MBIA, Ambac Monetary and Monetary Guaranty Insurance. Buffett's plan would permit the trio to regain a firmer monetary footing and inject confidence into the debt markets. There's a catch though: Buffett solely needs municipal bonds, which are at relatively low danger of defaulting. He's providing to insure low-danger debt for a hefty fee.
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