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To: D.Austin who wrote (5)6/28/2002 10:12:15 AM
From: not925  Read Replies (1) | Respond to of 14
 
d.austin,

thank you for your reply ... but i recall buffett and munger saying that 1) the asbestos liability problem was huge for american businesses going forward, and 2) it was their hope to pick up businesses cheap as those businesses file for bankruptcy due to asbestos suits.

did buffett ever quantify this problem as to how it relates to its insurance operations?