John Paulson

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He Paid the IRS $500M Last Year. This Year, It's $1B

John Paulson's bill for his big bet on subprime mortgages has come due

(Newser) - If you find yourself forced to write a check to the IRS come April 17, know that John Paulson feels your pain—and owes more than can fit on a single check. Paulson put down big stakes against subprime mortgages before the 2008 crash and earned billions in the process....

Billionaire Gives $100M to NYC's Central Park

Paulson gift biggest ever given to a park

(Newser) - Hedge fund manager John Paulson is parting with a chunk of his $11 billion fortune to make what is believed to be the biggest donation a park has ever received. Paulson, who made his fortune betting against subprime mortgages before the housing market crashed, is giving $100 million to preserve...

Mitt Romney's Biggest Donors? Bain Capital

Bain-related donors have given more than $2.7M over the years

(Newser) - When Mitt Romney ran Bain Capital, his leadership made billions of dollars for the investment firm. And Bain Capital's associates have supported Romney's political ambitions in turn, giving nearly $3 million to his state and national campaigns—a sum that easily makes them Romney's largest group of...

This Man Made $5B Last Year
 This Man Made $5B Last Year 

This Man Made $5B Last Year

John Paulson scores big with merely decent performance

(Newser) - Hedge-fund manager John Paulson personally raked in $5 billion in profits in 2010, which is “likely the largest one-year haul in investing history,” according to the Wall Street Journal , beating even the nearly $4 billion Paulson made betting against subprime mortgages in 2007. To put the number in...

Goldman Crony: Investors Didn't Do Homework

Paulson goes on offensive to reassure hedge fund members

(Newser) - John Paulson—the hedge fund billionaire at the center of the deal that's brought misery on Goldman Sachs—has escaped criminal charges. But the Wall Street Journal reports that he's sweating at least a little to keep investors in his massive Paulson & Co. fund from jumping ship. He had...

Goldman Sachs Investor Made Billions on Housing Mess

Paulson not charged in SEC's takedown

(Newser) - 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...

Wrangle Over $700B Bailout Heats Up
Wrangle Over $700B Bailout Heats Up

Wrangle Over $700B Bailout Heats Up

Lawmakers seek pay caps, homeowner help, as doubts mount

(Newser) - Congress and the Bush administration are edging closer to an agreement on a bailout for financial firms—but several major sticking points remain, the New York Times reports. Progress has been made on oversight for the $700-billion fund, but lawmakers are pushing for taxpayers to get an equity stake in...

Paydays That Make Even Wall Streeters Blush

Top hedge-fund guru earned $3.7B in 2007 as income gap widens

(Newser) - Some Wall Street hedge-fund managers earned billions betting against the market last year, with the top of the class, John Paulson, shaking loose $3.7 billion, the New York Times reports. With the US median family income at $60,500, the booty embarrassed even some of his Wall Street peers....

Greenspan Signs On With Mortgage Profiteer

Ex-Fed honcho will advise hedge fund

(Newser) - Paulson & Co. made a fortune as the mortgage crisis unfolded, and now the hedge fund has hired the man some say caused the meltdown. Alan Greenspan, whose actions as chairman of the Fed have been under fire lately, today agreed to advise the firm, which saw one fund rise...

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