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How Billionaires Make investments And Get Richer

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800 billion of bonds for MBIA, Ambac Monetary and Monetary Guaranty Insurance coverage. Buffett's plan would enable the trio to regain a firmer financial footing and inject confidence into the debt markets. There is a catch although: Buffett only needs municipal bonds, which are at comparatively low threat of defaulting. He is offering to insure low-threat debt for a hefty charge.


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