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To: Lizzie Tudor who wrote (75)	7/10/2002 1:20:21 PM
From: alburk	Read Replies (1) of 562

Regarding Buffet's Level 3 bonds, were there any details regarding collateral? I speculate that he has taken a worst case (reorganization) scenario and determined that Level 3's assets are sufficient. This would seem to be an endorsement for Level 3 bonds.

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