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Submission + - TEPCO breaks credit default swap record (

mdsolar writes: "The cost of protecting Tokyo Electric Power Co.’s debt from default surged to a record amid reports the utility will post Japan’s largest corporate loss when it announces earnings today following the Fukushima nuclear crisis.

Credit-default swaps on Tokyo Electric’s debt jumped 221 basis points to 726, topping BP Plc’s record set last year amid the oil spill disaster in the Gulf of Mexico."

Put not your trust in money, but put your money in trust.