800 billion of bonds for MBIA, Ambac Financial and Monetary Guaranty Insurance. Buffett's plan would enable the trio to regain a firmer financial footing and inject confidence into the debt markets. There's a catch though: Buffett solely needs municipal bonds, which are at comparatively low risk of defaulting. He is providing to insure low-risk debt for a hefty charge. In a prediction market, funds might be held in escrow, to be settled as and when the predicted event occurs. ...
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