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The Flatbush Bums

FYI: The CEO of Guggenheim Partners and his business associates are pledging more than $20 billion of their personal wealth to backstop insurers associated with the firm should they experience financial troubles, according to a Wall Street Journal report.

The highly unusual arrangement, detailed by The Journal in a published report on Saturday, comes six years after regulators questioned an arrangement under which the insurers contributed money that allowed Mark Walter and a group of co-investors to buy the Los Angeles Dodgers in 2012, for what was a record-breaking $2.15 billion.
Regards,
Ted
https://www.cnbc.com/2018/11/24/la-dodgers-linked-to-20-billion-plan-to-stabilize-big-insurers-wsj.html?__source=yahoo|finance|headline|story|&par=yahoo&yptr=yahoo
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