Foreclosures Made John Paulson a Billion Dollars

April 21, 2010 9:49pm by Barry Ritholtz

The deal in which Goldman Sachs, according to the SEC, defrauded some of its investors made hedge-fund king John Paulson a billion dollars. It all pivoted on hundreds of thousands of ordinary homeowners defaulting on their mortgages.

4/21/2010 7:21:19 PM

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