Money and Finance
- Talks At Google: Secretary Hank Paulson: "hank: 5 Years From The Brink"
Link to video: Secretary Hank Paulson: "Hank: 5 Years from the Brink"Secretary Hank Paulson joins us in conversation about his new documentary. HANK: 5 Years from the Brink tells the story of how Paulson worked to persuade banks, Congress, and presidential...
- Notes From The John Paulson Call - By Joshua Brown
Using my advanced ninja skills I got myself onto the Bank of America Wealth Management-hosted conference call starring John Paulson of Paulson & Co this evening. The notoriously press- and attention-shy Paulson agreed to be on the call a week after...
- Big Long Is New Big Short As Bass Joins Subprime Bet
Investors who made some of the biggest profits from the 2007 bust in U.S. mortgages are once again in agreement. This time, they’re going long. Hedge fund manager Kyle Bass, who made $500 million betting against subprime debt in the crash, is raising...
- How Paulson Gave Hedge Funds Advance Word
Treasury Secretary Henry Paulson stepped off the elevator into the Third Avenue offices of hedge fund Eton Park Capital Management LP in Manhattan. It was July 21, 2008, and market fears were mounting. Four months earlier, Bear Stearns Cos. had sold itself...
- The Confidence Game - By James Grant
In disclosing plans to buy a quarter-trillion dollars of bank stock in the name of the American taxpayer, Treasury Secretary Hank Paulson harped on confidence. "Today, there is a lack of confidence in our financial system, a lack of confidence that must...
Money and Finance
Paulson Forgoes Prognostication As Greatest Trade Sequel Flops
John Paulson, founder of Paulson & Co., one of the world’s largest hedge funds, has close-cut black hair, dark eyes and a soft voice. There’s a fuss when he arrives, befitting a man who made one of the biggest fortunes in Wall Street history, as his general counsel and PR consultant jostle for seats next to him.
Paulson’s decision to buy credit-default insurance against billions of dollars of subprime mortgages before the market collapsed in 2007 earned him almost $4 billion personally and transformed him from an obscure money manager into a financial legend, Bloomberg Businessweek reports in its July 2 issue. Then came the kind of disastrous run that can unmake a career. In 2011 he lost billions.
- Talks At Google: Secretary Hank Paulson: "hank: 5 Years From The Brink"
Link to video: Secretary Hank Paulson: "Hank: 5 Years from the Brink"Secretary Hank Paulson joins us in conversation about his new documentary. HANK: 5 Years from the Brink tells the story of how Paulson worked to persuade banks, Congress, and presidential...
- Notes From The John Paulson Call - By Joshua Brown
Using my advanced ninja skills I got myself onto the Bank of America Wealth Management-hosted conference call starring John Paulson of Paulson & Co this evening. The notoriously press- and attention-shy Paulson agreed to be on the call a week after...
- Big Long Is New Big Short As Bass Joins Subprime Bet
Investors who made some of the biggest profits from the 2007 bust in U.S. mortgages are once again in agreement. This time, they’re going long. Hedge fund manager Kyle Bass, who made $500 million betting against subprime debt in the crash, is raising...
- How Paulson Gave Hedge Funds Advance Word
Treasury Secretary Henry Paulson stepped off the elevator into the Third Avenue offices of hedge fund Eton Park Capital Management LP in Manhattan. It was July 21, 2008, and market fears were mounting. Four months earlier, Bear Stearns Cos. had sold itself...
- The Confidence Game - By James Grant
In disclosing plans to buy a quarter-trillion dollars of bank stock in the name of the American taxpayer, Treasury Secretary Hank Paulson harped on confidence. "Today, there is a lack of confidence in our financial system, a lack of confidence that must...