levin70

Berkshire Hathaway Credit Risk, Index Puts Are Overblown Worries

The only problem with your analysis is you don't know what happends to the collateral requirements if BRK looses its AAA rating. If that happends, my guess is just like AIG it must put up collateral. If that happends anytime over the next year, that collateral requirement could cause the liquidity crunch you don't think will happen.

Kind Regards