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Even Warren Buffett can't escape the credit crunch.

Discussion in 'The Economy' started by Tropo, 31st Jul, 2008.

  1. Tropo

    Tropo Well-Known Member

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    July 30 (Bloomberg) --
    Even Warren Buffett can't escape the credit crunch.

    Top-rated Berkshire Hathaway Inc. offered the highest yield over benchmark rates it's ever paid to issue $1 billion of five- year debt, according to data compiled by Bloomberg.
    The company, which gets about 40 percent of its revenue from finance-related businesses, is paying the same spreads as Coca-Cola Enterprises Inc., a bottling company rated six steps lower, paid yesterday.......

    more.......
    Bloomberg.com: Worldwide