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 ...
LOL!
The Brits would know a little bit about that now wouldn’t they?
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.
“bammy’s boyz....bet they’re all partying tonight...
And the Malaysians. I believe he’s formally under a death sentence there, or something.
inside information
Soros?
lol
He owns the Oval Office.
Obama is his latest hand puppet
spooky dude!
Investigate!
This needs to be investigated... I don’t think that Holder is going to do crap about it.
*
Did anyone big make the opposite bet?
Since he did it in the futures market it probably means he was shorting, lots and lots of contracts.
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.
yeah - who is on the losing end? Who pays $10 billion?
there is no place to make such a bet
He will pour about $1 billion into pro-Obama “educational” organizations before the campaign. Reward Obama for doing so well.
He will pour about $1 billion into pro-Obama “educational” organizations before the campaign. Reward Obama for doing so well.
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.
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