- Dec 22, 2009
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glenferry23 thoughts on the Thomas Cook collapse? I have family that had entire holidays booked on credit card but were lucky enough to get them refunded through the bank. Turns out banks were holding back 50m pounds of TC's money as collateral for chargebacks (quite normal with large companies).
Seems some hedge funds had the inside info on TC going bust:
That's some serious shorting there. Did any of your contacts get in on this?
Seems some hedge funds had the inside info on TC going bust:
Hedge funds set for £200m windfall from Thomas Cook collapse
Hedge funds betting on the demise of Thomas Cook are set to pocket hundreds of millions of pounds following the travel giant’s collapse into liquidation.
www.telegraph.co.uk
That's some serious shorting there. Did any of your contacts get in on this?