I thought I posted it the other day, but can't find it. Must have been a senior moment.

http://www.dailymail.co.uk/news/arti...=feeds-newsxml

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


  • 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

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



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.


It appears the SEC is looking into 'something:'

http://blogs.wsj.com/marketbeat/2011...ogle_news_blog

http://www.allheadlinenews.com/artic...%20U.S.%20debt