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

Daily Mail ^ | 08/09/11 | Mark Duell

[sheana]

Sorry, guess I should’ve explained that regardless of which broker you use the contracts all go through the same exchange.

[OldNewYork]

I’m still a bit confused. I can understand all contracts going through the same exchange, and I can understand the ease of counting up the amount of all contracts on a certain eventuality, in this case $10 billion bet on a downgrade of our government, but what I don’t understand is how it’s known that of all those different contracts through all those different brokers, that the totality here in this case belonged to one person, or that someone’s able to differentiate which belonged to whom.

[RayChuang88]

Given that Soros Fund Management was privatized just a few days after this bet was made, I really think Soros--using a "shell company" or possibly another hedge fund company that has very friendly relations with Soros in order for him to "cover his tracks"--is behind this.

Given that Soros probably knows the management of the credit rating agencies (Fitch, Moody's and Standard & Poor's) quite well and may have influenced them to downgrade US debt in order to expedite the shorting bet, Soros may have made a fortune in the last 10 days. Soros also may have put a lot of shorting positions on stock markets around the world, and his privatized hedge fund's aggressive moves on these shorting positions is why the stock markets around the world are taking such a nosedive.

[Tzimisce]

Making billions sending you to the poor house.

Have a nice day. :D

[Dr.Deth]

BHO says: "It's all for you George!"

[sheana]

Broker doesn’t matter, it is the size of the bid/sells, # of contracts. If the market is going up and you keep seeing size come in for sells you know someone big is shorting the market. It is pretty simple really.