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Getbig Main Boards => Politics and Political Issues Board => Topic started by: Soul Crusher on December 08, 2011, 07:39:42 PM

Title: Take a wild guess who stands to profit from Mf global collapse?
Post by: Soul Crusher on December 08, 2011, 07:39:42 PM

http://online.wsj.com/article/SB10001424052970204319004577086652040716704.html


Unreal!

Title: Re: Take a wild guess who stands to profit from Mf global collapse?
Post by: Fury on December 08, 2011, 08:48:31 PM

Quote from: 333386 on December 08, 2011, 07:39:42 PM

http://online.wsj.com/article/SB10001424052970204319004577086652040716704.html


Unreal!

Keeping my fingers crossed for Eurotrash defaults across the board.

Title: Re: Take a wild guess who stands to profit from Mf global collapse?
Post by: Soul Crusher on December 08, 2011, 08:51:24 PM

Quote from: Fury on December 08, 2011, 08:48:31 PM

Keeping my fingers crossed for Eurotrash defaults across the board.

There was a great caller on Savage tonight talking about this saying that corzine might have been set up as a patsie in this trade and not even realizing it.  If Soros stands to make out on this the theory seems more plausible. 

Title: Re: Take a wild guess who stands to profit from Mf global collapse?
Post by: Soul Crusher on December 09, 2011, 06:25:19 AM

CNBC: Soros Bought $2 Billion Ex-MF Global Europe Debt: Report
CNBC ^ | 12-9-11 | Antonia Oprita



About $2 billion worth of European bonds owned by MF Global were bought by billionaire investor George Soros's family fund, the Wall Street Journal wrote on Friday, quoting people close to the matter.

On October 31 MF Global collapsed into the eighth-largest bankruptcy in U.S. history and an estimated $1.2 billion in client funds remains unaccounted for.

SNIP

hey were turned over to KPMG, MF Global's bankruptcy administrator in London; they were then offered to big investors immediately after the company's collapse by MF Global's London clearing house, LCH Clearnet, the paper said, quoting a KPMG spokeswoman.

A number of large investors passed on the bonds but, according to people close to the matter quoted by the Wall Street Journal, Soros's interest was piqued and he bought around $2 billion of the bonds at a level below the market price at the time.


(Excerpt) Read more at cnbc.com ...


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Title: Re: Take a wild guess who stands to profit from Mf global collapse?
Post by: Soul Crusher on December 09, 2011, 06:29:38 AM

Hopefully Corzine did not allegedly pass these assets out of the hands of their rightful owners to his friends at a reduced price, which would or should allegedly be criminal. Corzine and other MF Global officers should allegedly be prevented from holding positions of responsibility in the future involving the public or the public's funds.

Title: Re: Take a wild guess who stands to profit from Mf global collapse?
Post by: Soul Crusher on December 12, 2011, 08:46:44 PM

http://www.businessinsider.com/george-soros-italian-bonds-mf-global-2011-12



Wowc.