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3 comments:
The market's up 200 points on this news, but it's not going to happen. It would be different if Buffet were to BUY MBI or AMK (as he has talked about before), but instead he's charging them up the ass to reinsure all the good debt (tax-exempt), while still leaving the bad debt un-reinsured. But if they do go for this, buy the banks.
Wait a second, this is practical advice. What's going on here? I didn't sign up for this!
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