“Berkshire Hathaway terminated a large wager on the municipal-bond market five years early, the Wall Street Journal quoted a person familiar with the transaction as saying.
 |
|
CNBC
|
In a quarterly regulatory disclosure filed this month, the Warren Buffett-owned company terminated credit-default swaps insuring $8.25 billion of municipal debt.
The paper said the early termination is deepening questions among some investors about the risks of buying debt issued by cities, states and other public entities.”
If you enjoy the content at iBankCoin, please follow us on Twitter
