David Tepper's ATM receipt $ 99.864.731,94

N

Nighthawk

"I think I’ve seen this one before but it still blows my mind.

It’s from hedge fund manager David Tepper at Appaloosa Management after someone picked it up outside an ATM. He earned $4 billion (for himself) in 2009 and this wasn’t long afterwards."

100-million-atm-slip.png


Source: http://www.forexlive.com/blog/2013/11/29/100-million-dollar-atm-slip/comment-page-1/#comment-839349
 
Quote from drownpruf:

Yeah moron, and the denial must be proof that it's his.
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Tse, tse, ste. I hope you don´t look like the words that are coming ou of your mouth ;=)
 
The big picture item the previous responders haven't noticed:

Why would someone have over $99MM in a bank savings account ?

I'm pretty sure a (alleged) money manager has access to options that both earn more (tax-free) and enjoy greater safety than a "teetering on collapse" banking system...
 
Quote from blah12345678:

The big picture item the previous responders haven't noticed:

Why would someone have over $99MM in a bank savings account ?

I'm pretty sure a (alleged) money manager has access to options that both earn more (tax-free) and enjoy greater safety than a "teetering on collapse" banking system...
More...

Could have been a temporary aggregation of funds - guys like that move money around all the time
 
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