(Bloomberg) Sept. 17 (Bloomberg) -- Warren Buffett's phone is probably ``ringing off the hook'' because distressed sellers are turning to the world's richest person as credit markets seize up, according to T2 Partners LLC's Whitney Tilson.
The 4.3 percent jump in Berkshire's Class A stock yesterday, the biggest since April 2003, tracked the surge in the TED spread to the highest level this year. Banks' borrowing costs more than doubled yesterday after the collapse of Lehman Brothers Holdings Inc. and credit downgrades of American International Group Inc.
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