SAC, Greenlight, Soros, Paulson Told to Retain Records; a Collusion Question

U.S. Probes Bearish Euro Bets
http://online.wsj.com/article/SB10001424052748704486504575098021150940494.html

 

It looks like nothing. I think these regulators are clueless.

 

All this trouble Bernanke and the FED went trough to debase the USD and now some hedge fund guys want to undo it all by attacking the Euro.



That is unacceptable.

 

GS was probably on the wrong side of the trade and are now crying foul.

 

No, GS will disclose they own CDS on almost every country in the EU and their credit exposure is actually short. And in a related story they will disclose they went long the S&P500 three weeks ago

 

You can't short the Euro or it's becoming a crime. What a load of shit.

No one said anything when only THREE months ago, Juncker was out there saying that a drop in the EUR/USD exchange rate would be a welcome thing.

Why not just close all markets and ban trading?

 

The Journal article disclosed that the big euro bets were emerging amid gatherings including an "idea dinner" involving a number of hedge funds including SAC, Greenlight and Soros, where a trader argued that the euro is likely to fall to "parity," or equal to, against the dollar on an exchange basis. The euro currently trades at $1.3609.

I just wrote some emails to the hedge funds involved to invite me to their next "idea dinner"...

 

My god this is collusion, Obama should shut down this website then.

 

Not that they are that clueless! Just doing their job ( or making work)

They should find out "who" drove it up !