Investor Bet 850 MIL the US would get downgraded

[5dfggf4f]

Soros strikes again?


*shock*

 

[Masokabaso]

Yes I read about it a week or more ago, when they were still negotiating the debt ceiling.

 

[Ramilyn M]

lol how is this legal? SEC not investigating this?

 

[Sam A]

I knew I'd saved it somewhere.



http://mediajackhammer.wordpress.com/2011/07/26/mystery-traders-1-bn-bet-on-the-us-defaulting-next-week-has-people-talking/

 

[SIRup]

everyday trade according to art_shark

 

[giantsaholic]

quiet, sheep.

 

[Zaiquiri]

THE FUCK IS GOING ON?

 

[trickstermisterr]

Wow....

 

[Nikole Chan]

lol

 

[Ogs]

its one giant casino

 

[wfy24]

derivatives aren't rare and special and bet against good news often.
some dudes made a KILLING when crude rose through the roof

 

[David (UK)]

sec

 

[amii44]

actually a short this big is newsworthy. crude has nothing to do with this, thanks though

 

[Wiser with age]

so during the debt debate he figured, on the 50/50 chance we'd still get downgraded, we would...why is this so like....special? yes it is a huge amount, but as mentioned it was, on paper, a 50/50 crapshoot.

 

[JayJay Justice]

fat fingered

 

[D_M]

Treasury Secretary Tim Geithner said Tuesday there is "no risk" the U.S. will lose its top credit rating amid a new analysis that revised its outlook on American debt to "negative." (link)


United States loses prized AAA credit rating from S&P (link)



This would be funny if it weren't so sad

 

[lost and alone]

what kind of logic are you using saying its 50/50? are you a professional trader?

 

[tuti :)]

Israeli banks the new hotness?

 

[Umi Hitomi]

That first statement came out in April

 

[guitarplayer180]

Wirelessly posted via wap.offtopic.com (pickletits: BlackBerry8530/5.0.0.973 Profile/MIDP-2.1 Configuration/CLDC-1.1 VendorID/105)



If u ran a $1B+ fund, hedging less than 10% ahead of an extremely volatile period is not that extreme. Edit: arg I mmeant 10b