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How Billionaires Make investments And Get Richer

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800 billion of bonds for MBIA, Ambac Financial and Monetary Guaranty Insurance coverage. Buffett's plan would permit the trio to regain a firmer monetary footing and inject confidence into the debt markets. There is a catch though: Buffett only desires municipal bonds, which are at comparatively low risk of defaulting. He is providing to insure low-danger debt for a hefty charge.


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