Posted on 03/21/2009 7:12:48 PM PDT by maccaca
IN TODAY’S gut-wrenching markets, winners are as rare as a house that sells for the asking price. Even Warren Buffett is looking less than sagacious after his holding company posted its worst year ever. But one investor who continues to win plaudits is John Paulson. His hedge funds have had a superb crisis. They clocked up triple-digit returns in 2007 betting against subprime mortgages, netting him $3.7 billion personally—a sum that made George Soros’s winnings from currency bets in the early 1990s look modest.
... He targeted BBB-rated tranches, the lowest in subprime securities. With credit spreads so low because of a liquidity glut, his possible upside as a buyer of protection using credit-default swaps (CDSs) was as much as hundred times the potential downside. One $22m trade is said to have netted him $1 billion when Lehman Brothers went bust. ... The number-crunching that told him subprime-linked paper was overvalued now suggests that some previously AAA-rated tranches are a bargain. He talks of distressed debt—mortgages, leveraged loans and the debt of bankrupt firms—as a $10 trillion opportunity.
Relationship to Hank Paulson?
Soro, John paulson and J.C. Flowers shorted as a gang to wipe out financial svcs companies and helped O get elected. They wiped out Indy Mac with the helped of Schumer. Made billions, then recently bought Oindy Mac with Michael dell. they get Uncle Sam money to buy it, billions in tax loss carryforwards on top of it.
We have been played by these people.
What about the Saudi Prince Al Waleed Bin Talal? How does he fit into this senario. I know he owns alot of shares of some of the networks and supposedly funded Obama’s Harvard education but is there any connection to Soros, Paulson, Flowers, etc.
Soros took a bath on AIG stock.
Bump
And now you understand why it was so important for the Corruptocrats to bail out AIG. Most of that money went to "pay off" foreign banks, want to bet that the majority of that went into Soros's pockets? Soros spent an awful lot of money to buy the election for the Corruptocrats, now they have to pay him back.
Soros took a bath on AIG stock.
I find that hard to believe. If you have your puppet in the White house talking down the economy and AIG you are in the unique position to “time the markets”. Even I made a modest purchase of AIG at .40/share. Today it is over $1.40. So I would wager Mr. Soros, with his hand up Mr. Soetoro’s backside, did very well indeed.
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