Anyone can buy hedge funds. It's totally legal. He made an educated guess that NINJA would fail. A lot of people thought they probably would. They were mostly called Republicans and voted against the laws that enabled them. Obama, Chris Dodd and their likes are the ones who created the problem by forcing the banks give loans to people who were extremely poor risks.

Here's a revelation; If any one of us could have pulled it off, we would have. Props to the guy for doing something I am not capable of making happen!

Another wonder boy, shifting assets at our expense! Money isnt everything! Read about the German Billionaire.(link below)




http://hubpages.com/_2mgo4w268rcpx/hub/Billionaire-commits-suicide-Adolf-Merkel-Is-it-worth-all-that

So basically this bastard preys on the misery of everyone else. It should be illegal to short stocks. These vultures need to have their balls cut iff.

It seems to me that anyone that would by insurance for something like that is... you might consider, is one who might have been the cause of it and that would be another reason why he has not been known....until now.....hmmmmm

This is why we have the terrorism unrest world wide and heading our direction posthaste.

LOOKS LIKE JEALOUSY IS RAISING IT'S UGLY HEAD AGAIN

sounds like envy to me.

What's wrong with you people? This guy didn't do anything wrong, illegal or immoral. He simply did what many investors have the opportunity of doing, but on a much larger scale. Good for him. Not EVERYONE loses money in a bad economy (thank goodness for the rest of us).

You hit the nail on the head-- sorry about the Alamo. This sort of activity does not redound to the benefit of the many, but is at the expense of the many. I'm no socialist, but let's force people to play by the rules, sensible rules.

I am with you. I don't think it's socialism to have rules and boundaries so we know what game we are playing. Forgive me for over-simplifying it, but its like the having referees and lines on a football field; if we didn't have markers or measures it would be a free-for-all with no consequences and the constant temptation to cheat.

No rules creates uncertainty, inhibits people from taking positive, informed risks, and throws everything left ambiguous into arbitration and courts. I am very pro-market and pro-growth and that's why I want rules.

No, he probably pays more like 45% + capital gains +(the tax that is placed on all of us if we make more than the government thinks we should. Congress has been trying to repeal this because it is a direct assault on the middle class. I can't think of the name of it right now...I hate the mini strokes I've had for taking that part of my memory...I'll probably think of it as soon as I hit the send button.) My husband & I got hit by that one and are still paying for it in the form of a penalty for not including that in our tax prep in 2002 or 2003.
These people are just doing what you, me and all these other people that are commenting on here against this guy wish that we could have done.
Do you take out insurance on a car or a house because you know something is GOING to happen or because it MIGHT happen. That's all these guys are doing. They look at what is going on around them, access the situation and then they make an INFORMED decision to purchase "investment insurance" to prevent a catasrophic loss of revenue. Sometimes tha "insurance" pays off but other times you are just putting money in a hole.
I paid big time premiums on my homeowners insurance for 13 years and then I had a total loss fire. Did I know that would happen? NO...I took out the insurance to PROTECT myself from catastrophic loss. And before you say anything about that being different, think about it.

Nobody will ever talk about you either Mike, because you are poor and stupid!

why is he a creep. You have no idea what he does with his money. For all you know he could be funding the very medical reseach that may save your life. By the way finance goes both ways sometimes you gain sometimes you don't - he did put up his own money you know.