Who 'made $10bn on 10/1 bet that U.S. credit rating would be downgraded'?

[mick silver]

http://www.dailymail.co.uk/news/article-2023809/Did-George-Soros-win-10-1-return-S-Ps-US-credit-rating-downgrade.html ...

Unknown investor or hedge fund 'made $850million bet'
Bet in futures market reportedly done at odds of 10/1
George Soros made similar bet on currency in 1992
But source says he wasn't involved in rumoured trade


By Mark Duell (http://www.dailymail.co.uk/home/search.html?s=&authornamef=Mark+Duell)

Last updated at 12:08 AM on 9th August 2011



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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 the Bank of England’, could be involved.

http://i.dailymail.co.uk/i/pix/2011/08/08/article-0-078BDAC5000005DC-902_468x502.jpg Was it him? George Soros, 80, has been mentioned as potentially being the mystery investor who won a $1billion bet that the credit rating would fall

He made more than $1billion on currency speculation when the British pound left the Exchange Rate Mechanism on Black Wednesday in 1992.
But a source with knowledge of the firm said Soros was not involved in the rumoured trade and questioned whether in fact there had been such a trade at all.



More...


Opening falls on Wall Street as Asian stocks plunge after downgrade of U.S. credit rating (http://www.dailymail.co.uk/news/article-2023615/Wall-Street-braced-huge-day-trading-Asian-stocks-plunge-downgrade-U-S-credit-rating.html)


The latest bet was made on July 21 on trades of 5,370 ten-year Treasury futures and 3,100 Treasury bond futures, reported ETF Daily News.
Now the investor's gamble seems to have paid off after Standard and Poor’s issued a credit rating downgrade from AAA to AA+ last Friday.
Whoever it is stands to earn a 1,000 per cent return on their money, with the expectation that interest rates will be going up after the downgrade.


http://i.dailymail.co.uk/i/pix/2011/08/08/article-0-0D5A7FB500000578-688_468x349.jpg Concerned traders: Wall Street opened down on Monday after Standard and Poor's issued a credit rating downgrade from AAA to AA+ last Friday

The link has been made to Mr Soros in part because he has been tied to President Obama’s administration since 2008, reported The Examiner.
He also recently stopped managing money for outside investors, meaning he is under less scrutiny from the Securities and Exchange Commision

But the mystery bet could easily have been made by another trader with similar resources, despite Mr Soros’s links with the Obama administration.
The bet also raises questions of whether President Obama and Treasury Secretary Timothy Geithner knew that a downgrade was on the cards.
Mr Geithner said in April there was ‘no risk’ of a downgrade - but the government now appears annoyed, not surprised, by last week’s decision.
He has since slammed S&P for showing 'terrible judgment' in their decision and a 'stunning lack of knowledge' of U.S. fiscal budget maths.





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[TheNocturnalEgyptian]

When you get big enough, money does not work the same way.

If I give you $5, I have 5 less, and you have 5 more. Simple.


But if I give you five trillion, it doesn't work the same as above. That money doesn't exist, yet it does. By giving you that much money at once, I have affected the actual value of the money I am giving you.

Warren Buffet did it in 2005 when he purchased a large fraction of the total above ground silver. His purchase alone made the price shoot up pretty quickly. He's so big that he changed the value of the silver simply by buying enough of it.

The same principles work, in some fashion, for most of the big guys. Soros has been doing this type of shit for years. He was the first big money guy to support the euro, on which he quadrupled his money.

[Horn]

Someone in the Pentagon still thinks the U.S. rules the planet thru military force, I'm sure.

[MAGNES]

Soros never made any honest money, all his money is from inside info, he is
required to give it back to NGO's that operate as allies of the NED, waging
war on countries, " regime change ", then they move in and steal everything,
in Kosovo , Soros promoted the wars and uprisings , and stoled state property
for himself and his partners. Just one example. His money funds uprisings everywhere.
Egypt , Libya, and Syria are his fruits as well, exacerbating existing cleavages in society.
Then NATO bombs as well alongside his propaganda. Russia banned foreign
NGO's to prevent being " colored revolutionized ".

The money he made here, he will be required to use it to go after some country.