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Home>The Berkshire Hathaway Municipal CDS Unwind

The Berkshire Hathaway Municipal CDS Unwind

Perspectives Content Submission

Tue, 28 Aug 2012

Warren Buffett’s Berkshire Hathaway recently generated headlines when the company terminated $8.25 billion of credit-default swaps (CDS) they sold to investors seeking insurance against municipal bond defaults. In explaining the CDS unwinds, Buffett put forth a theory that recent bankruptcies by a

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