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Who 'made $10bn on 10/1 bet that U.S. credit rating would be downgraded'?
Daily Mail ^ | 08/09/11 | Mark Duell

Posted on 08/08/2011 7:34:16 PM PDT by KevinDavis

A mystery investor or hedge fund reportedly made a bet of almost $1billion at odds of 10/1 last month that the U.S. would lose its AAA credit rating.

Now questions are being asked of whether the trader had inside information before placing the $850million bet in the futures market, or if the bet happened at all.

There were mounting rumours that investor George Soros, 80, famously known as ‘the man who broke Bank of England’, could be involved.

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


TOPICS: Front Page News; News/Current Events
KEYWORDS: democrats; insidertrading; liberalfascism; obama; ratingsdowngrade; smearfinancier; soros; spookydude

1 posted on 08/08/2011 7:34:22 PM PDT by KevinDavis
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To: KevinDavis

LOL!

The Brits would know a little bit about that now wouldn’t they?


2 posted on 08/08/2011 7:39:41 PM PDT by GourmetDan (Eccl 10:2 - The heart of the wise inclines to the right, but the heart of the fool to the left.)
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To: KevinDavis

How do you even make a bet like that? It’s not that I’m (exclusively) astounded - I would have taken those odds if I’d known how.


3 posted on 08/08/2011 7:40:14 PM PDT by OldNewYork
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To: KevinDavis

http://www.theblaze.com/stories/so-who-made-nearly-a-billion-dollars-betting-on-americas-debt-downgrade/

“bammy’s boyz....bet they’re all partying tonight...


4 posted on 08/08/2011 7:41:02 PM PDT by mo
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To: GourmetDan

And the Malaysians. I believe he’s formally under a death sentence there, or something.


5 posted on 08/08/2011 7:41:05 PM PDT by gaijin
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To: KevinDavis

inside information

Soros?

lol

He owns the Oval Office.

Obama is his latest hand puppet


6 posted on 08/08/2011 7:41:11 PM PDT by NormsRevenge (Semper Fi ... Godspeed .. Monthly Donor Onboard .. Obama: Epic Fail or Bust!!!)
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To: KevinDavis
Meanwhile....

Soros Donates $30M to NYC Mayor’s Cause

7 posted on 08/08/2011 7:41:14 PM PDT by mewzilla (Forget a third party. We need a second one.)
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To: KevinDavis

spooky dude!


8 posted on 08/08/2011 7:43:49 PM PDT by smokingfrog ( sleep with one eye open ( <o> ---)
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To: KevinDavis
It makes sense. 0bama helps his closest friend by pushing idiocy. Soros makes a ton of money, of which a part funnels back to 0bama’s re-election campaign.

Investigate!

9 posted on 08/08/2011 7:46:30 PM PDT by ConservativeMind ("Humane" = "Don't pen up pets or eat meat, but allow infanticide, abortion, and euthanasia.")
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To: KevinDavis

http://www.freerepublic.com/focus/f-news/2760625/posts

post #18


10 posted on 08/08/2011 7:48:03 PM PDT by Doogle ((USAF.68-73..8th TFW Ubon Thailand..never store a threat you should have eliminated))
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To: ConservativeMind; All

This needs to be investigated... I don’t think that Holder is going to do crap about it.


11 posted on 08/08/2011 7:48:14 PM PDT by KevinDavis (Radical Islam is a bigger threat than the LDS)
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To: KevinDavis

*


12 posted on 08/08/2011 7:59:30 PM PDT by PMAS
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To: KevinDavis; All

Did anyone big make the opposite bet?


13 posted on 08/08/2011 8:05:33 PM PDT by gleeaikin
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To: OldNewYork

Since he did it in the futures market it probably means he was shorting, lots and lots of contracts.


14 posted on 08/08/2011 8:14:04 PM PDT by sheana
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To: sheana

Thanks for the clarification. If that’s how it was done, I wonder how they would have known all those different contracts were from one person, especially if he placed them with different brokers.


15 posted on 08/08/2011 8:22:59 PM PDT by OldNewYork
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To: gleeaikin

yeah - who is on the losing end? Who pays $10 billion?


16 posted on 08/08/2011 8:35:37 PM PDT by Scotswife
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To: KevinDavis

there is no place to make such a bet


17 posted on 08/08/2011 8:50:57 PM PDT by 50gunsalute
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To: KevinDavis

He will pour about $1 billion into pro-Obama “educational” organizations before the campaign. Reward Obama for doing so well.


18 posted on 08/08/2011 8:52:28 PM PDT by garjog
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To: KevinDavis

He will pour about $1 billion into pro-Obama “educational” organizations before the campaign. Reward Obama for doing so well.


19 posted on 08/08/2011 8:52:59 PM PDT by garjog
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To: OldNewYork

Doesn’t matter which broker you use. They can see the number of contracts bids/sells that come into the market. I trade emini russell futures and can see the volume. I can see when a big buyer/seller comes in.


20 posted on 08/08/2011 9:08:05 PM PDT by sheana
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To: OldNewYork

Sorry, guess I should’ve explained that regardless of which broker you use the contracts all go through the same exchange.


21 posted on 08/08/2011 9:09:32 PM PDT by sheana
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To: sheana

I’m still a bit confused. I can understand all contracts going through the same exchange, and I can understand the ease of counting up the amount of all contracts on a certain eventuality, in this case $10 billion bet on a downgrade of our government, but what I don’t understand is how it’s known that of all those different contracts through all those different brokers, that the totality here in this case belonged to one person, or that someone’s able to differentiate which belonged to whom.


22 posted on 08/08/2011 9:38:36 PM PDT by OldNewYork
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To: KevinDavis
Given that Soros Fund Management was privatized just a few days after this bet was made, I really think Soros--using a "shell company" or possibly another hedge fund company that has very friendly relations with Soros in order for him to "cover his tracks"--is behind this.

Given that Soros probably knows the management of the credit rating agencies (Fitch, Moody's and Standard & Poor's) quite well and may have influenced them to downgrade US debt in order to expedite the shorting bet, Soros may have made a fortune in the last 10 days. Soros also may have put a lot of shorting positions on stock markets around the world, and his privatized hedge fund's aggressive moves on these shorting positions is why the stock markets around the world are taking such a nosedive.

23 posted on 08/08/2011 10:08:27 PM PDT by RayChuang88 (FairTax: America's economic cure)
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To: KevinDavis

Making billions sending you to the poor house.

Have a nice day. :D


24 posted on 08/08/2011 10:27:58 PM PDT by Tzimisce (Never forget that the American Revolution began when the British tried to disarm the colonists.)
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To: KevinDavis
BHO says: "It's all for you George!"


25 posted on 08/09/2011 7:20:06 AM PDT by Dr.Deth
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To: OldNewYork

Broker doesn’t matter, it is the size of the bid/sells, # of contracts. If the market is going up and you keep seeing size come in for sells you know someone big is shorting the market. It is pretty simple really.


26 posted on 08/09/2011 11:20:57 AM PDT by sheana
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