Who bet a billion on the downgrade?

[malaise]

Come on DU sleuths

[Cool Logic]

1. Savvy investors who had a billion to invest...

[ThomWV]

5. They didn't have to be "Savvy", you could be blind as a bat and see what was going to happen

[Cool Logic]

7. Well then, our elected Representatives must be "as blind as bats..."

Otherwise, they would have been savvy enough to avoid it.

[ThomWV]

13. Every reputable Democrat in the House and Senate that could get in front of a camera said it.

Do you not own a television? Every House and Senate Leader from the Democratic Party was on telling the world exactly what was going to happen if the Republicans got their way - and it was clear that the Republicans were going to get their way because of Obama's repeated caves in the past. He has never stood up before so there was no reason to think he would this time. But it is wrong to say that no one was forewarned what the outcome of the deal they reached was going to be. It was being broadcast on radio and TV everywhere.

[Cool Logic]

16. It's really quite amusing to watch as each side, endeavors to blame the other...

Even so, both sides are right; for both sides are responsible for consuming that which they stole from the future. Likewise, both sides were on board when the proposal to loot the SS Trust Fund was put on the table.

Ultimately, the reason for the downgrade can be found in the shovel wielded by our elected Representatives. For a country that continues to dig, when all of the signals say stop, is not a wise investment.

Our government represents a manifestation of corruption--morally corrupt Representatives representing a morally corrupt and/or ignorant electorate.

[Orrex]

2. I only bet half a billion

But it's been a tight year for me, money-wise.

[Angry Dragon]

3. You should have said something, I had a couple laying around

I could've let you have

[Loge23]

4. It's a short play

Eventually, those with a motive will be exposed.
Emotionally though it's beyond an outrage that S&P, an agency who whistled past the graveyard of CDO and bogus mortgages, wields this kind of influence, They essentially are flexing their own political muscle in their alleged disgust at the political process.
Once more, I see this crap and feel my own disgust that we the people are tolerating this terrorism - all the while standing in line at airport security. Oh, the irony!

[Motown_Johnny]

6. If I thought Cantor had a billion.........

[ThomWV]

14. The problem isn't that he has a $Billion, its that he's trying to get a $Billion.

[NightWatcher]

8. S&P is a subsidiary of McGraw Hill

Harold McGraw III is the CEO and according to sources a HUGE supporter of Romney.

Hang on, I'm thinking.

[malaise]

9. Now this is serious

'sleuthiness' - keep on thinking!!

[NightWatcher]

11. I'm trying to track donations

The twitterverse is all, well, atwitter with two Romney stories today. The first is his million dollar donor is confirmed to be the co founder of Mitt's old Bain Capital. The other story is how S&P's CEO might be the biggest Romney supporter. Do you think the downgrade might help ol Mittens and the short sale could be funneled into his war chest. Pure speculation and circumstantial, but people are tracking leads. I hope this story gets legs. I'm trying to research, but am using an iPhone on a ship with spotty cell/net coverage.

[coalition_unwilling]

10. In a delicious twist of capitalist irony, anyone who bet a billion on the

S&P downgrade probably got his or her asses handed to him or her on a plate by the proverbial short squeeze. On Thursday, when stocks were crashing around the globe, where did investors flock to for safety? US Treasuries. (Rate on the 10-Year note declined to 2.39% as a result of investors bidding up prices of same in the rush to safety.)

[lonestarnot]

12. :)

[bluebuzzard]

15. easy

George Soros

[Shandris]

17. Hi Welcome.

You must be new here. Nice, quick, witty response too. So well-thought-out.

Pepperoni or Sausage, I wonder? :)

:hi: