Berkshire Hathaway's (BRK.A) recent unloading of billions in exposure to the municipal market is...

|About: Berkshire Hathaway Inc (BRK.A)|By:, SA News Editor

Berkshire Hathaway's (BRK.A) recent unloading of billions in exposure to the municipal market is likely not a sector call, according to Citi's George Friedlander. Chances are Berkshire's counterparty in the CDS transaction (Lehman's DIP vehicle) wanted out and offered a good price to unwind the illiquid position. Berkshire retains $8B in exposure to muni bonds and is likely to look for spots to increase its footprint.