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Hedge funds that viewed the safety of euro-zone sovereign debt with skepticism are starting to...

Hedge funds that viewed the safety of euro-zone sovereign debt with skepticism are starting to see their bets pay off, after a welter of warnings this week about government borrowings from Dubai to Greece and the U.K. rattled markets around the world. While such bets were costly over the past year, they're now proving prescient.
Comments (2)
  • Tom Armistead
    , contributor
    Comments (5688) | Send Message
     
    Wait until these same hedge funds start finding ways to make these same bets pay off even more.

     

    There was a lot of money made buying CDS "protection" on US financial institutions and then engineering their demise.

     

    When the same tactics are applied to nations the results will be a global crises. Those who are positioned to profit from loss will make very sure that losses occur.
    11 Dec 2009, 08:42 AM Reply Like
  • cbc
    , contributor
    Comments (411) | Send Message
     
    g
    11 Dec 2009, 08:47 AM Reply Like
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