Billionaire Hedge Fund Managers Under Investigation
Soros Claims He Just A Lucky Hungarian That Made Billions
So What Did These Fraudsters Do
They run a group of 'Hedge Funds' that bet on the collapse of America. They would buy a $ trillion dollars in mortgages for 2% down, or buy stock futures for pennies on the dollar, and the bet was everything would collapse. Sort of like you borrowing $10,000 from your bank, with $200 down, and then betting on a fixed horse race.
These same people were on the opposite side of the trade, and if they lost, they stiffed the banks, and that is what is behind the derivative debacle.
A derivative is simply placing an enormous bet with borrowed money. Abe Felder borrows $100 million, and then bets that corn prices will collapse, he loses, and Citicorp is stuck paying the Grossman Farm Collective the $100 million. When Citicorp goes bankrupt, then the American taxpayer gets the bill.
These Fraudsters will now operate their Conjobs from DUbai
George Soros
Soros Fund Management
Famed as "the man who broke the Bank of England", after netting more than $12bn by betting the pound would fall out of the Exchange Rate Mechanism in 1992, the 78-year-old has attacked unfettered free market capitalism as being at the root of today's crisis.
Jim Simons
Renaissance Technologies
The world's most expensive hedge fund manager, 70, charges clients 5 per cent a year, plus a whopping 44 per cent of returns beyond a certain level. His fund runs "black box" programmes that harvest tiny profits from billions of automated trades.
John Paulson
Paulson & Company
Having run an obscure fund for 14 years, the 52-year-old last year made what rivals called "the greatest hedge fund trade of all time".
Philip Falcone
Harbinger Capital Partners
The 47-year-old made his fortune trading junk bonds in the Eighties. His firm was founded in 2001 and made another fortune last year betting against sub-prime mortgages. His two funds boasted 114 and 176 per cent returns in 2007.
Ken Griffin
Citadel Investment Group
Last year, it looked as the 40-year-old might become one of the world's biggest financial players after buying up so many distressed funds, banks and brokers. Now he is fighting to save his fund after losing 35 per cent of it this year.
Fantastic. They might have a position for me. Tom Jones ******
Britisharab,
Here we go again...
What else is new?
Is "copying and pasting" the only talent you have?
A free hint to help you sharpen up this talent:
Wnen you "copy and past," you must state the original source of your material.
Cheers!
8) 8) 8) britisharab The new world devised by Maurice Strong and George Soros [color=red][/color]
By Judi McLeod Monday, November 24, 2008
Have you ever wondered how capitalism was pushed over the edge of the cliff just six weeks before the American presidential election?
The only change that has happened since 1992 is that Strong and Soros now have their Agent of Change coming to the White House.
In other words, the world according to Maurice Strong, is unfolding as it should.
In an era ridden by bankruptcies and job loss, Zombie-like cultists will swarm Washington, D.C. for the January 20, 2009 inauguration of Barack Obama.
onetickin BritishArab, yes, the world is going to end, but are you ever happy? Dubai Knight
- onetickin wrote:
BritishArab, yes, the world is going to end, but are you ever happy?
If it ends, then maybe we will get some peace and quiet when he is in 'Cut and Paste heaven'...
:? :? :?
Knight britisharab
- Dubai Knight wrote:
- onetickin wrote:
BritishArab, yes, the world is going to end, but are you ever happy?
If it ends, then maybe we will get some peace and quiet when he is in 'Cut and Paste heaven'...
:? :? :?
Knight - onetickin wrote:
Haahha Mr Knight Hawk, where were you hiding, from which hole did you suddenly spring out, is the heat in the hole, unbearable to resist.
By the way...Knight Hawk, I've heard that you have officially pawned your bikini's to borrow some cash, is that really true, wow....then it must be that depression is having a go with recession.
Don't worry, things will get better for you but try not to live in a fools paradise, it's the worst kind of hypocrisy to yourself. dbxsoul Again.... something interesting to note is...
The original article.
,com_fireboard/Itemid,0/func,view/catid,22/id,7696/limit,6/limitstart,0&/
Is no longer accessible on the asiaobserver site. You can however still look at the cache'd version of the article using Google
(http://74.125.77.132/search?q=cache:-McMz2R3kPIJ:,com_fireboard/Itemid,0/func,view/catid,22/id,7696/limit,6/limitstart,0%26/+%22A+derivative+is+simply+placing+an+enormous+bet+with+borrowed+money.+Abe+Felder+borrows+%22&hl=en&ct=clnk&cd=1&gl=za)
An interesting observation is that in the original article the
- Quote:
- These Fraudsters will now operate their Conjobs from DUbai
Does not appear! It would seem that BA has added his own (miss-spelt) version of the facts, or is he just trying to make some obscure point?