The Rich Get Rich, The Poor Eat Hope!

Nice turnaround.

At the peak of the financial panic, a billionaire fundraiser for the President of the United States makes a big bet on a politically connected investment bank, openly admitting he's counting on the government to bail that bank out. A year later, the investment bank is booking record profits. A couple of years later, the billionaire fundraiser for the President is cashing in his chips, making bank, while the rest of the economy slips.

"Making bank" in this case means $900 million pre-tax, just on the warrants which would be about 6%/annum return.

HT: Examiner