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BOREALIS

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Re: F6 post# 73653

Monday, 01/26/2009 10:15:24 AM

Monday, January 26, 2009 10:15:24 AM

Post# of 488057
Paulson: "world's biggest winner" by "shorting" the US mortgage market, earning $3.7bn


Twenty-five people at the heart of the meltdown ...

http://www.guardian.co.uk/business/2009/jan/26/road-ruin-recession-individuals-economy



one of six who saw it coming ..

John Paulson, hedge fund boss
He has been described as the "world's biggest winner" from the credit crunch, earning $3.7bn (£1.9bn) in 2007 by "shorting" the US mortgage market - betting that the housing bubble was about to burst.

In an apparent response to criticism that he was profiting from misery, Paulson gave $15m to a charity aiding people fighting foreclosure.

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