Citigroup, Fannie Mae, Freddie Mac and Bank of America -- all companies that received government rescue funds -- are paying lower interest rates on bonds than Warren Buffett's Berkshire Hathaway. The borrowing-cost differences underscore how companies that received government aid are at an advantage. "Highly rated companies, such as Berkshire, are experiencing borrowing costs that, in relation to Treasury rates, are at record levels," Buffett said in his letter to shareholders. "At the moment, it is much better to be a financial cripple with a government guarantee than a Gibraltar without one."

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