Wednesday, November 19, 2008

Berkshire Hathaway CDSs on the Up and Up

Yeah, and not in a good way, like when my bowl magically fills. Apparently one of the last truly(?) AAA-rated US corporations is seeing CDS rates on its debt rise dramatically. Geez, when last I dissed Warren, I wasn't thinking material damage would instantly appear... Hmm; they usually say credit precedes common; what's this mean?

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