DealBreaker (Free subscription) | 07/23/2008
To fuck you again! Just kidding. We have no idea if that's the master plan, but would it be so crazy to assume that John "Forclosure is Your Friend" Paulson is starting a fund to provide capital to financial firms hurt by mortgage writedowns in order to get them back on their feet just before telling people he's been "hearing things" about liquidity issues but, more importantly, overly friendly interactions...
The Curious Capitalist (Free subscription) | 07/23/2008
John Paulson, the hedge fund guy who made the spectacularly dead-on bet that the market for mortgage securities would go haywire last year (and took home a paycheck in the vicinity of $3.7 billion in the process), is planning a new fund that would invest in financial companies. The fund would "provide capital to financial firms hurt by mortgage writedowns," Bloomberg reports (via Trader Daily ). Paulson...
Information Processing (Free subscription) | 07/23/2008
John Paulson made $15 billion for his fund ($3.7 billion for himself!) betting against subprime securities last year. Now Bloomberg reports that he's ready to get back in on the upside! I'm as bummed as anyone else about taxpayer dollars going to bail out mortgage holders, commercial banks and the GSE's (Fannie, Freddie). I complained about Fannie back in 2004 when Franklin Raines was still CEO and...
