Hildebeest Shared Classified Information on Greek Debt, Bailout
(The National Herald)
Yeah, but the only problem is all that insider info didn't help hildebeest's son-in-law who ran the fund that invested in Greek bonds... the dirtball ended up losing 90% of every dollar! Originally Posted by lustyladI'd have to go back and look at the statute(s), but my best guess is ...
His fund invested in Greece. I assume it mostly bought Greek debt (both sovereign and private) selling at hefty discounts. It would have been a bet on a successful EU bailout of the Greek economy, since this would have resulted in a bounce-back in the prices of Greek debt. Maybe Hillary introduced him to some EU insiders who told him a bailout was a near certainty.http://eccie.net/showthread.php?t=1715070
But then Alexis Tsipras was elected and the whole trade was fucked!
Having said that, it still takes a special kind of stupid to lose 90 fucking percent! I doubt whether any comparable "peer group" funds (i.e. those with similar investment strategies) performed as disastrously as this one did. Originally Posted by lustylad
I already blew the whistle on this in a thread two months ago:True, but the email connection appears to be new.
http://eccie.net/showthread.php?t=1715070 Originally Posted by lustylad