Did Progressive Democrat hero George Soros make a $1 billion off the credit downgrade?

george_sorosDAMN YOU KOCHSUCKER! Oh wait. George Soros is a far left billionaire who funds left wing propaganda outfits like Moveon.org, MediaMatters, NPR, etc. So you rarely if ever hear his name mentioned in the lame stream media. This brings up this interesting question. Did George Soros profit on S&P’s credit rating downgrade of the country? If you read an article at The Blaze, it states that there are rumors in England that Soros made a timely trades on July 21st. He is rumored to have  bought 5,370 ten year Treasury futures. Soros also is rumored to have purchased 3,100 Treasury bond futures. Amazing timing wouldn’t you say?

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.”

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August 8, 2011 · Filed Under George Soros


Comments

  • Amazingoly

    Surely he didn’t get any “inside information”, now, or did he?

  • Amazingoly

    Surely he didn’t get any “inside information”, now, or did he?