Wednesday, November 19, 2008

Credit Default Swaps

Nov 18 (Reuters) - A report on Bloomberg said the cost of protecting Berkshire's debt against default using credit default swaps (CDS) has risen from 140 (two months ago) to 388 basis points, or $388,000 a year to protect $10 million for five years. BRK-A shares fall 4% to $91,700 after the report.

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