How Billionaires Make investments And Get Richer
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800 billion of bonds for MBIA, Ambac Financial and Financial Guaranty Insurance. Buffett's plan would enable 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, that are at comparatively low threat of defaulting. He is providing to insure low-danger debt for a hefty fee.
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