John Paulson

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Alan Greenspan and John Paulson.

John Paulson (A native of Queens, born in 1955), a Harvard MBA, is an American businessman and fund operator. He is the founder and president of Paulson & Co. Forbes magazine estimated his personal wealth at $12 billion.

At the center of the transactions described in the government's fraud case against Goldman, Sachs & Co. is New York hedge fund operator John Paulson, whose firm made $15 billion in 2007 by betting that Americans would default on their home loans in droves... Ultimately, though, the biggest beneficiary of the transactions was Paulson & Co. [1]
Goldman "knew of Paulson's involvement in the selection" of securities, Levin told reporters. "They knew Paulson was going short." [2]

"Everybody ought to be rich." John J. Raskob (who sold his GM stocks while advising everybody to buy stocks.) [3] [4] [5] [6] [7]


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References

  1. Hedge fund operator John Paulson a key player in SEC case against Goldman Sachs
  2. Goldman CEO denies wrongdoing in crisis
  3. 1929, Un Upper Class Affair
  4. John Jakob Raskob (1879-1950)
  5. 100 Minds That Made the Market
  6. Spokane Daily Chronicle
  7. The Du Pont-General Motors Case and the Sherman Act by George W. Stocking
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