How Billionaires Invest And Get Richer

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800 billion of bonds for MBIA, Ambac Monetary and Financial 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 although: Buffett only needs municipal bonds, which are at relatively low risk of defaulting. He is offering to insure low-risk debt for a hefty fee.


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