So... who sank the triple A?
(Sorry for spamming twice today...)
Did Soros Make $1B Betting on U.S. Downgrade?
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.
There are mounting rumours that investor George Soros, 80, famously known as ‘the man who broke the Bank of England’, could be involved.
He made more than $1billion on currency speculation when the British pound left the Exchange Rate Mechanism on Black Wednesday in 1992.
...here's where it gets kinda funny...
Michael Moore to Obama: ‘Show some guts,’ arrest S&P head
...but it gets even more interesting...
Soros Dumps Gold, Inciting Fear of Plummeting Price
OooooOoo this is gunna be gooood!
We all remember Soros's biggest success, which was the Forex speculation against the British pound from September 1992. He made roughly 2 billion $ back then. In just a month, the pound lost 14% of its value, Bank of England was on its knees and ready to throw the towel; the pound left the European currency mechanism. Since then the Brits don't wanna hear about the Euro.
Just when you thought there was no balloon left to pop, in comes the gold one and the Ratings antics. One or two insiders will make huge amounts of money, the rest of us will keep bickering around forums and streets about who's to blame and who should bite the dust. We might even burn a few police cars.
Can't say if it was "Teh Soros" (OMG!) or some other of the world's NWO puppeteers, but things are starting to smell fishier than ever. We're in for interesting times, methinks.
Did Soros Make $1B Betting on U.S. Downgrade?
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.
There are mounting rumours that investor George Soros, 80, famously known as ‘the man who broke the Bank of England’, could be involved.
He made more than $1billion on currency speculation when the British pound left the Exchange Rate Mechanism on Black Wednesday in 1992.
...here's where it gets kinda funny...
Michael Moore to Obama: ‘Show some guts,’ arrest S&P head
...but it gets even more interesting...
Soros Dumps Gold, Inciting Fear of Plummeting Price
OooooOoo this is gunna be gooood!
We all remember Soros's biggest success, which was the Forex speculation against the British pound from September 1992. He made roughly 2 billion $ back then. In just a month, the pound lost 14% of its value, Bank of England was on its knees and ready to throw the towel; the pound left the European currency mechanism. Since then the Brits don't wanna hear about the Euro.
Just when you thought there was no balloon left to pop, in comes the gold one and the Ratings antics. One or two insiders will make huge amounts of money, the rest of us will keep bickering around forums and streets about who's to blame and who should bite the dust. We might even burn a few police cars.
Can't say if it was "Teh Soros" (OMG!) or some other of the world's NWO puppeteers, but things are starting to smell fishier than ever. We're in for interesting times, methinks.