FabSwingers.com forum: Kwarteng and hedge fund managers

By (user no longer on site) OP
over a year ago

Apparently, Kwarteng has been meeting hedge fund managers who egged him on to cut taaxes even more. These are the v same people who have been making a fortune betting on our economy tanking.

Two hedge fund managers reportedly even described Kwarteng as: a useful idiot.

And Odey, hedge fund manager + Kwarteng's former boss, also met him privately. Odey apparently said his bets against government bonds were: gifts that keep on giving.

WTF? This seems to go way beyond the usual government corruption we have become depressingly used to.

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By *ohnnyTwoNotesMan
over a year ago

golden fields

"Apparently, Kwarteng has been meeting hedge fund managers who egged him on to cut taaxes even more. These are the v same people who have been making a fortune betting on our economy tanking.

Two hedge fund managers reportedly even described Kwarteng as: a useful idiot.

And Odey, hedge fund manager + Kwarteng's former boss, also met him privately. Odey apparently said his bets against government bonds were: gifts that keep on giving.

WTF? This seems to go way beyond the usual government corruption we have become depressingly used to."

Pretty standard stuff. JRM did the same in 2016 with Brexit.

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By *irldnCouple
over a year ago

Brighton

Can’t wait to see how certain people on here try to spin this one!

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By (user no longer on site)
over a year ago

Tbh I ascribed this more to incompetence. I think they really believe this shit, and the hedge fund managers are just not gonna look this gift horse in the mouth.

Hence useful idiot.

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By *ealthy_and_HungMan
over a year ago

Princes Risborough, Luasanne, Alderney

it's clearly just more institutional conservative and unionist corruption that will never end. it's getting to the point where the party should be proscribed as a danger to the fabric of the country.

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By (user no longer on site)
over a year ago

"Can’t wait to see how certain people on here try to spin this one!"

Yhey will tell us that it would be a lot worse if those commies Corbyn or Starmer were in power.

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By *illi3736Woman
over a year ago

Glasgow

This Conservative party in the last 12 yrs has brought nothing, yes NOTHING to improve the lives of the working classes. Scandal, corruption, sexual escapades and now this buffoon who has just tanked the economy turning up to get a pat on the back from his mates and backers. He will be assured of his place after he is voted out he will have a job with those he has just given unlimited bonuses and tax cuts to. SLEEEAZE the tory party motto for the upcoming conference

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By *ohnnyTwoNotesMan
over a year ago

golden fields

"Can’t wait to see how certain people on here try to spin this one!

Yhey will tell us that it would be a lot worse if those commies Corbyn or Starmer were in power."

Or blame "remoaners", "the woke" etc.

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By (user no longer on site)
over a year ago

Isn’t this insider trading?

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By *ohnnyTwoNotesMan
over a year ago

golden fields

"Isn’t this insider trading? "

Insider Trading: the illegal practice of trading on the stock exchange to one's own advantage through having access to confidential information.

Probably hard to prove in court. I don't know if it applies to the government.

In my opinion, MPs shouldn't be able to get rich from tinkering with government policy, budgets etc.

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By *uddy laneMan
over a year ago

dudley

"Apparently, Kwarteng has been meeting hedge fund managers who egged him on to cut taaxes even more. These are the v same people who have been making a fortune betting on our economy tanking.

Two hedge fund managers reportedly even described Kwarteng as: a useful idiot.

And Odey, hedge fund manager + Kwarteng's former boss, also met him privately. Odey apparently said his bets against government bonds were: gifts that keep on giving.

WTF? This seems to go way beyond the usual government corruption we have become depressingly used to."

The reason they have removed the banker bonus cap, they are making shed loads shorting the pound.

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By (user no longer on site) OP
over a year ago

This really should be a huge scandal. I think part of Johnson's legacy is that people have become desensitised to scandal.

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By (user no longer on site)
over a year ago

"Apparently, Kwarteng has been meeting hedge fund managers who egged him on to cut taaxes even more. These are the v same people who have been making a fortune betting on our economy tanking.

Two hedge fund managers reportedly even described Kwarteng as: a useful idiot.

And Odey, hedge fund manager + Kwarteng's former boss, also met him privately. Odey apparently said his bets against government bonds were: gifts that keep on giving.

WTF? This seems to go way beyond the usual government corruption we have become depressingly used to.

The reason they have removed the banker bonus cap, they are making shed loads shorting the pound."
apparently Odey is also a mentor for JRM and Somerset capital was seeded by/part of Odeys hedge fund. The other founder of SC is Dominic Johnson. Who has just been elected as a trade minister.

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By (user no longer on site) OP
over a year ago

"Apparently, Kwarteng has been meeting hedge fund managers who egged him on to cut taaxes even more. These are the v same people who have been making a fortune betting on our economy tanking.

Two hedge fund managers reportedly even described Kwarteng as: a useful idiot.

And Odey, hedge fund manager + Kwarteng's former boss, also met him privately. Odey apparently said his bets against government bonds were: gifts that keep on giving.

WTF? This seems to go way beyond the usual government corruption we have become depressingly used to.

The reason they have removed the banker bonus cap, they are making shed loads shorting the pound.apparently Odey is also a mentor for JRM and Somerset capital was seeded by/part of Odeys hedge fund. The other founder of SC is Dominic Johnson. Who has just been elected as a trade minister.

How spiffing. I'm sure the Met will investigate all this as speedily and willingly as they investigated Partygate...

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By *irldnCouple
over a year ago

Brighton

"Apparently, Kwarteng has been meeting hedge fund managers who egged him on to cut taaxes even more. These are the v same people who have been making a fortune betting on our economy tanking.

Two hedge fund managers reportedly even described Kwarteng as: a useful idiot.

And Odey, hedge fund manager + Kwarteng's former boss, also met him privately. Odey apparently said his bets against government bonds were: gifts that keep on giving.

WTF? This seems to go way beyond the usual government corruption we have become depressingly used to.

Point of note, Dominic Johnson was “appointed” not “elected”. He is one those unelected officials the Brexit crowd were always banging on about, except of course this is the UK not EU so that’s all ok!

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By *rFunBoyMan
over a year ago

Longridge

Kami-Kwasi needs to throw himself onto the Sword before his boss chucks him under the bus!!

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