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Reuters first with Buffett news11.20.2008
Reuters was first to reveal on Nov. 20 that Warren Buffett’s Berkshire Hathaway Inc would have to post less-than-expected collateral to support its controversial derivative contracts. Berkshire shares, which had been down 10 percent prior to the initial headline, recovered nearly all their losses before giving back some of the recovery in tandem with a late stock market selloff. |
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