No one is Safe

From Jeff Matthews Is Not Making This Up….

So the odds are good that Buffett himself is not breaking a sweat over his own stock’s 40% decline since his late September cavalry-to-the-rescue investment in Goldman Sachs.

After all, who knows more about Berkshire than Warren Buffett?

Still, somebody out there is indeed breaking a sweat about Berkshire, and not just the company’s stock. Credit default swaps in Berkshire—insurance against a default by Berkshire—have been climbing ever since the market began its September swoon, and suddenly spiked in the last few days.

In the end of the world as we know it, even Berkshire is not a safe haven. Although to be fair, people are mostly worried that it is going to lose its AAA rating. Not go bankrupt per say.

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