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Obama's bundler Soros has lost between 120 and 450 million in Leahman.
NYsun ^
Posted on 09/16/2008 2:24:09 PM PDT by sunmars
Billionaire George Soros's hedge fund may have lost at least $120 million on its stake in Lehman Brothers Holdings Inc., mostly acquired in the second quarter, as the investment bank suffered its worst financial result.
Maybe he wants his money back from Obama, maybe thats why Bambi needs donation.
Couldnt happen to a nicer guy......
(Excerpt) Read more at nysun.com ...
TOPICS: Business/Economy; Front Page News; Politics/Elections
KEYWORDS: 2008; billionaires; chickensroosting; democrats; donors; economy; elections; georgesoros; housingbubble; lehmanbrothers; nobama08; obama; roostingchickens; rymb; shadowparty; soros
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Billionaire George Soros's hedge fund may have lost at least $120 million on its stake in Lehman Brothers Holdings Inc., mostly acquired in the second quarter, as the investment bank suffered its worst financial result.
Soros Fund Management LLC, which manages $20 billion, purchased 9.47 million shares, or about 1.4% of New York-based Lehman, between March 31 and June 30, according to a filing with the Securities and Exchange Commission. The losses could be as high as $380 million, depending on when Mr. Soros purchased the stake and if he still owns the shares.
If Soros bought the shares at their highest price in the quarter, he would have paid $450 million for his stake. At the lowest value, they would have cost him about $188 million. Yesterday, the stake would be worth about $69 million, if Soros still owns all the shares.
1
posted on
09/16/2008 2:26:29 PM PDT
by
sunmars
To: sunmars
Clouds really do have silver linings! Thanks for the post - you made my day with this!
2
posted on
09/16/2008 2:27:48 PM PDT
by
PeterFinn
("I will stand with the Muslims" - Baraq Hussein Obama p. 261 "Audacity of Hope")
To: sunmars
To: sunmars
Well something good came out of Leahman collapsing, that SOB Soros lost an enormous amount.
4
posted on
09/16/2008 2:28:04 PM PDT
by
sunmars
To: sunmars
Oh darn! Couldn’t happen to a nicer guy!! hehehe
5
posted on
09/16/2008 2:28:22 PM PDT
by
Clintons Are White Trash
(Lynn Stewart, Helen Thomas, Rosie ODonnell, Maureen Dowd - The Axis of Ugly)
To: sunmars
Well, dare I say - dark cloud, meet silver lining.
6
posted on
09/16/2008 2:28:47 PM PDT
by
bamahead
(Few men desire liberty; most men wish only for a just master. -- Sallust)
Comment #7 Removed by Moderator
To: sunmars
My guess is he’s lost an equal amount in Russia’s market crash today....and is getting ready to lose another equal amount in the AIG proxy fight since he was probably short AIG.
8
posted on
09/16/2008 2:30:00 PM PDT
by
CRBDeuce
(an armed society is a polite society)
To: sunmars
Couldn’t happen to a nice guy.
9
posted on
09/16/2008 2:30:02 PM PDT
by
Centurion2000
(McCain/Palin 2008 : Palin the Paladin 2012)
To: All
God works in mysterious ways.
10
posted on
09/16/2008 2:30:33 PM PDT
by
Cindy
To: MeekOneGOP
11
posted on
09/16/2008 2:30:40 PM PDT
by
EdReform
(The right of the people to keep and bear Arms shall not be infringed *NRA*JPFO*SAF*GOA*SAS*CCRKBA)
To: sunmars
Schadenfreund.....or Karma ! :)
To: Centurion2000
Hey Bambi the old backdoor slush fund might be a bit tight for a while.
If any good comes out of this recession and economic crash please let it be Soros losing everything.
13
posted on
09/16/2008 2:31:59 PM PDT
by
sunmars
To: sunmars
Even I was smart enough to dump my Lehman stock a year ago.
14
posted on
09/16/2008 2:32:14 PM PDT
by
Argus
(Obama: All turban and no goats.)
To: sunmars
Well, just damn the bad luck! Couldn’t happen to a nicer guy.
15
posted on
09/16/2008 2:32:59 PM PDT
by
Road Warrior ‘04
(Kill 'em til they're dead, then kill 'em again!)
To: sunmars
16
posted on
09/16/2008 2:33:46 PM PDT
by
Doogle
(USAF.68-73..8th TFW Ubon Thailand..never store a threat you should have eliminated))
To: sunmars
A little justice for the POS.
17
posted on
09/16/2008 2:34:41 PM PDT
by
Artemis Webb
(Sarah Palin: Babies, Guns, Jesus. HOT DAMN!)
To: Cindy
Your answer is spot-on!
I believe this...truly!
To: Centurion2000
couldn’t happen to a nicer communist ( fixed it )
To: sunmars
This will be some consolation to us as we spend the holiday season in line at the soup kitchen.
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