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Reuters: Berkshire's Jain: risk of insuring muni bonds rising

Started by chris, March 12, 2008, 03:01:08 PM

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chris

Berkshire's Jain: risk of insuring muni bonds rising
      


NEW YORK/WASHINGTON (Reuters) - Troubles at Jefferson County, Ala. and Vallejo, Calif. could be the "tip of the iceberg," as economic woes raise the risk of insuring municipal bonds, a Berkshire Hathaway official said on Wednesday.
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