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Who 'made $10bn on 10/1 bet that U.S. credit rating would be downgraded'?
The Daily Mail ^ | Aug 8, 2011 | Mark Duell

Posted on 08/08/2011 3:45:19 PM PDT by KeyLargo

Who 'made $10bn on 10/1 bet that U.S. credit rating would be downgraded'?

Unknown investor or hedge fund 'made $850million bet' Bet in futures market reportedly done at odds of 10/1 George Soros made similar bet on currency in 1992 But source says he wasn't involved in rumoured trade

By Mark Duell

Last updated at 10:57 PM on 8th August 2011

(Excerpt) Read more at dailymail.co.uk ...


TOPICS: Business/Economy; Crime/Corruption; Government; News/Current Events
KEYWORDS: bet; credit; downgrade; soros

1 posted on 08/08/2011 3:45:29 PM PDT by KeyLargo
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To: KeyLargo

George Soros like the DNC , both make money when things lose value.

That’s what prompted Soros to purchase the DNC.


2 posted on 08/08/2011 3:47:44 PM PDT by NoLibZone (Life as Nancy Pelosi knows & wants it, must end, Life As Nancy Knows it is to raise Debt 10% annualy)
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To: KeyLargo

He sure picked the right time to dump his stockholders and get out from under SEC oversight.


3 posted on 08/08/2011 3:49:40 PM PDT by cripplecreek (Remember the River Raisin)
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To: KeyLargo

Darrel Issa, calling Darrel Issa, time to investigate


4 posted on 08/08/2011 3:51:37 PM PDT by PMAS
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To: KeyLargo
When this hideous serpent is finally dead, the WORLD will be a better place.

Not enough bad stuff can happen to this unrepentant Nazi.

5 posted on 08/08/2011 3:52:09 PM PDT by Lazamataz (America. Great idea. Couldn't last.)
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To: KeyLargo

Evil lives in Soros.


6 posted on 08/08/2011 3:53:55 PM PDT by dynachrome ("Our forefathers didn't bury their guns. They buried those that tried to take them.")
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To: Lazamataz
When this hideous serpent is finally dead, the WORLD will be a better place.

Not enough bad stuff can happen to this unrepentant Nazi.

I believe that his son and heir is no better.

7 posted on 08/08/2011 3:57:17 PM PDT by Irish Eyes
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To: KeyLargo

It wasn’t Soros??

Was it Buffett?


8 posted on 08/08/2011 3:59:38 PM PDT by GeronL (The Right to Life came before the Right to Happiness)
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To: Lazamataz

When this hideous serpent is finally dead, the WORLD will be a better place.

Unfortunately he has reproduced and his git is as evil.


9 posted on 08/08/2011 4:00:44 PM PDT by Chickensoup (In the 20th century 200 million people were killed by their own governments.)
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To: KeyLargo

Next step is to arrest this thug.


10 posted on 08/08/2011 4:02:02 PM PDT by freekitty (Give me back my conservative vote; then find me a real conservative to vote for)
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To: KeyLargo
"The latest bet was made on July 21 on trades of 5,370 ten-year Treasury futures and 3,100 Treasury bond futures, reported ETF Daily News."

I think it's a stretch to say that was what the bet was. More likely it was a hedge.

11 posted on 08/08/2011 4:03:17 PM PDT by Sooth2222 ("Suppose you were an idiot. And suppose you were a member of congress. But I repeat myself." M.Twain)
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To: KeyLargo

The inside info likely came from S&P but I question if Soros even has the kind of pocket change needed to place an $850 million bet


12 posted on 08/08/2011 4:04:58 PM PDT by fso301
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To: KeyLargo

I thought Treasuries RALLIED today?


13 posted on 08/08/2011 4:05:04 PM PDT by demsux (Obama: THE job destroyer)
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To: Irish Eyes; Chickensoup
I believe that his son and heir is no better

Maybe. But certainly less-skilled in finances, which means the fortune depletes.

14 posted on 08/08/2011 4:10:36 PM PDT by Lazamataz (America. Great idea. Couldn't last.)
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To: KeyLargo
George.

Of course.

And Ubama used his secret Blackberry to tell him when to strike.

15 posted on 08/08/2011 4:12:23 PM PDT by E. Pluribus Unum (Palin is coming, and the Tea Party is coming with her.)
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To: KeyLargo

It’s unclear whether the piece of garbage that made this bet actually made any money. All three agencies might have had to downgrade before he collects.


16 posted on 08/08/2011 4:21:30 PM PDT by geardown
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To: demsux

Treasuries did rally, big time.
I was wondering about this as it was reported as a huge short of treasuries.

Kind of a mixed up article.


17 posted on 08/08/2011 4:22:38 PM PDT by Mr. Peabody
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To: KeyLargo
China...
18 posted on 08/08/2011 4:32:05 PM PDT by Chode (American Hedonist - *DTOM* -ww- NO Pity for the LAZY)
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To: LucyT; BP2; rxsid; null and void; Candor7

ping


19 posted on 08/08/2011 5:31:15 PM PDT by tutstar
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To: KeyLargo

Soros is a complete anti-Christ who’s life and empire will be crushed soon


20 posted on 08/08/2011 7:00:24 PM PDT by stfassisi ((The greatest gift God gives us is that of overcoming self"-St Francis Assisi)))
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To: KeyLargo

The way I see it, ole George was just doing what any good FReeper would do. Anybody who is “surprised” by this downgrade certainly hasn’t been hanging around FR.


21 posted on 08/08/2011 7:02:46 PM PDT by nascarnation
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To: All

Soros is legion -a man of many demons. He is the son of satan and many demons.

I would not post this if it were not true.This has been shown to me many times at Eucharistic Adoration


22 posted on 08/08/2011 7:19:51 PM PDT by stfassisi ((The greatest gift God gives us is that of overcoming self"-St Francis Assisi)))
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To: nascarnation

Except no one around here would get a call at 3:00 AM from a well-placed source at S&P informing him of their pending downgrade. Short the market and raise enough money in one day to fund most democratic candidates for an entire election. That is how I see it.


23 posted on 08/09/2011 8:03:55 AM PDT by crusty old prospector
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