Joseph Stiglitz and John Paulson
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Besides, if the feds had anything on him, they would have nailed him by now. The losers / bad guys are the so-called smart guys at lehman, merrill, bear, etc. who dreamed up these derivatives to make themselves rich. When that wasnt enough for them they sold insurance policies to further line their pockets with billions in premiums. Guess what? When the bubble burst, they had to pay out on all those policies. Paulson made $10b. He beat them at their own game.
avzeolla 1 week ago
He's not the bad guy in this drama.
What he did was 100% correct, ethical and legal. He predicted the collapse of the real estate market and its mortgage backed securities. Then he bought insurance policies on those securities. Then he shorted the stock of the banks that failed bc of their reckless greed. He was the only one that did everything right! The bad guys created those securities. He didnt.
avzeolla 1 week ago
@Benzenering1004 all what you have said is a lie. Paulson is just very smart, for him it was very simple to understand why to bet against the mood of the market, that is why so many institutions entrusted him so much money to work with.
Learn from him instead of babbling nonsense...
49fiori 1 year ago
@Benzenering1004
Paulson was never under investigation and, despite your fantasies, he will never see the inside of a prison.
AlexDumortier 1 year ago
Paulson is not the bad guy, in fact, if more investors would have acted like Paulson the housing bubble would not have been this large. He provided a service to society by deflating the bubble instead of letting it grown even larger.
Cosbibi 1 year ago 2
Paulson is EVIL.
mdctubbs 1 year ago
Ruthless vampire that feeds on million peoples dreams,future, and whole countries like Greece. He must be traditionally executed with a wooden stick through his black and rotten heart.
grimpr 1 year ago
As of today, 04/17/10. This Paulson fucker is under investigation by the SEC because they have exposed that he was instrumental in helping to create these toxic assets which were then sold to banks as Triple AAA packages via Goldman Sachs. His douchebag hedge fund then bet against the banks and he made 3.5 billion dollars and subsequently bought back BofA becoming the 4th largest shareholder...trying to act as if he was their savior. He's gonna get a beat down in prison just like Bernie Madoff.
Benzenering1004 1 year ago