Paulson and Company...made a good bet against the
Post# of 154867
(Total Views: 571)
Posted On: 04/22/2022 12:13:57 PM
Re: Evil Rabbit #122277
Paulson and Company...made a good bet against the subprime mortgage market in 2007...we all know how that went down. A twelve million-dollar bet had an ROI of over 15 million...PC played nice with Goldman Sachs and helped put together "synthetic securities aka "Toxic" loan packages and then shorted them...making it harder along with others to refinance them...essentially hedging his own bet.
Their moral compass was in "sleazeball territory"...although not illegal. That dalliance with Goldman cost Goldman the largest ever assessed fine of $550 million dollars by the SEC.
Paulson buys at "trough valuations" and has vultures as. partners. PC and Goldman never agreed to wrongdoing...has a vaguely familiar landscape to current events in the SA arena.
Their moral compass was in "sleazeball territory"...although not illegal. That dalliance with Goldman cost Goldman the largest ever assessed fine of $550 million dollars by the SEC.
Paulson buys at "trough valuations" and has vultures as. partners. PC and Goldman never agreed to wrongdoing...has a vaguely familiar landscape to current events in the SA arena.
(4)
(1)