Tuesday, January 25, 2011

ARTICLE: Bullish Paulson Gains $1 Billion On Citi Stake


A few years ago, hedge fund manager John Paulson made billions when he bet the housing market would collapse. Now, he’s made $1 billion betting on a bank that perpetuated the housing bubble.  "In addition to maneuvering our investment strategy based on where we are in the economic cycle, a large part of our success has been based on anticipating market events before they are generally recognized."

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