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To: Lizzie Tudor who wrote (75)7/10/2002 1:20:21 PM
From: alburk  Read Replies (1) | Respond to 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.