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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
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1
posted on
08/08/2011 3:45:29 PM PDT
by
KeyLargo
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)
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)
To: KeyLargo
Darrel Issa, calling Darrel Issa, time to investigate
4
posted on
08/08/2011 3:51:37 PM PDT
by
PMAS
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.)
To: KeyLargo
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.")
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.
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)
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.)
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)
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)
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
To: KeyLargo
I thought Treasuries RALLIED today?
13
posted on
08/08/2011 4:05:04 PM PDT
by
demsux
(Obama: THE job destroyer)
To: Irish Eyes; Chickensoup
I believe that his son and heir is no betterMaybe. 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.)
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.)
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
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.
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)
To: LucyT; BP2; rxsid; null and void; Candor7
19
posted on
08/08/2011 5:31:15 PM PDT
by
tutstar
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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