Goldman Sachs Investor Made Billions on Housing Mess

Paulson not charged in SEC's takedown
By Polly Davis Doig,  Newser Staff
Posted Apr 17, 2010 10:43 AM CDT
Goldman Sachs Investor Made Billions on Housing Mess
John Alfred Paulson testifies on Capitol Hill, Thursday, Nov. 13, 2008, before the House Oversight and Government Reform Committee hearing on "Hedge Funds and the Financial Market".   (AP Photo/Kevin Wolf)

As the housing market imploded, John Paulson laughed all the way to the bank, pocketing billions on his correct prediction of impending doom. But when the SEC charged Goldman Sachs yesterday with defrauding investors by not disclosing Paulson's bets against the mortgage-backed securities Goldman was peddling, one name was noticeably absent from those charged: Paulson's. The New York Times details his role.
(More John Paulson stories.)

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