“Where are you?” Mattone asked bluntly. “We’re down by half,” Meriwether said. “You’re finished,” Mattone replied, as if this conclusion needed no explanation. For the first time, Meriwether sounded worried. “What are you talking about? We still have two billion. We have half—we have Soros.” Mattone smiled sadly. “When you’re down by half, people figure you can go down all the way. They’re going to push the market against you. They’re not going to roll [refinance] your trades. You’re finished.” Not long after Mattone’s visit, Meriwether and McEntee went for a drink at a local inn favored by
...more
