Paulson was right, why the witch hunt?

Started by bslotkin

almost 16 years ago

Posts: 92

Member since: Feb 2009

Discussion about

The guy believed for several years that housing was in a massive bubble. And he was right. Why is that problematic? He made money off of people who were perpetuating the bubble, even though they were sophisticated investors, large multinational banks, were supporting this country's housing bubble making housing less affordable long-term. Goldman helped create the market to enable someone to point out that the emperor had no clothes. Paulson was the whistleblower and got paid accordingly.

Response by notadmin

almost 16 years ago

Posts: 3835

Member since: Jul 2008

Paulson could have shorted the bubble by just shorting Countrywide for example. The lawsuit is not about not being pro-bubble (surprising that the NAR didn't try to make that illegal LOL).

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Response by bslotkin

almost 16 years ago

Posts: 92

Member since: Feb 2009

He could have shorted Countrywide. Or he could have shorted really lousy securities. Or he could have shorted positive bets on really lousy securities. Might as well make your point and make the money. George Soros could have just refused to take a vacation in England in 1992.

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Response by notadmin

almost 16 years ago

Posts: 3835

Member since: Jul 2008

oh boy, where do you get your financial info? business week?

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Response by bslotkin

almost 16 years ago

Posts: 92

Member since: Feb 2009

Are you looking for a response to that?

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Response by notadmin

almost 16 years ago

Posts: 3835

Member since: Jul 2008

your understanding of the SEC's frauds case on GS sounds business week like to me, mere curiosity, sorry about that.

Paulson was right, why the witch hunt?

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