He started building a huge short position feb 10 and obviously knew what was going on, some rumors are that Tacgnol might have been involved in Libya to stir up trouble just so those large short positions could be covered this week. Of course just like Under Bush, Obama is not sending the FBI or SEC to investigate the situation. He got away with it in 87 and almost decimated LTCM as well, yet no investigations.
To an outside observer of America, two conclusions could easily be drawn... White collar crime does on the balance pay, and membership in the right club does have its privileges...