September 24, 2008
Paulson Actively Shorting Shite
Paulson Shorts 4 of 5 Largest U.K. Finance Companies
“Paulson has short positions in HBOS Plc, Lloyds TSB Group Plc, Barclays Plc, and Royal Bank of Scotland Group Plc. The disclosures were required under rules pushed through by the U.K.’s Financial Services Authority last week.
‘Paulson & Co. empathizes with financial firms as to the difficult positions in which many find themselves … Our short positions are taken on a passive basis the success of which will be determined by the merits of the particular company.’”
John Paulson is a master of PR… the empathetic and passive billionaire hedge fund manager, lol. (I respect smart guys who have legitimately made a fortune off of the stupidity of others.)
Cat: | Time: 11:36 am (utc+8)
September 24th, 2008 at 1:47 pm
Crooks! Capitalism doesn’t protect the weak. They need to mix a little bit more socialism into Wall Street.
http://business.smh.com.au/business/the-mother-of-all-ripoffs-20080924-4mrb.html?page=fullpage#contentSwap2
September 24th, 2008 at 2:21 pm
Nik: Are you confusing Hank and John?
September 24th, 2008 at 2:29 pm
haha, Yes i believe so :) Thanks.
September 24th, 2008 at 11:24 pm
Last year, I thought John was definitely the bigger Paulson with his personal $2-$3B take down from subprime. But if Hank can pull of this $700B rescue, he’s back on top.
September 25th, 2008 at 7:00 am
Laswy: Hank is no slouch with his own $700 million dollar (tax-free) personal fortune.