A trader friend reports that Berkshire Hathaway's cost for credit default swaps (CDS) has soared to $475,000 per $10 million which was higher than Citicorp’s at it's peak fear period, which was about $380,000 per $10 million.
This is still isn't red light danger level for Warren Buffett's holding company, but is indicative of nervousness, and awareness that he may be holding some toxic derivatives.
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