John Paulson Loses Half A Billion In Under 24 Hours

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Fri, 06/03/2011 - 10:41 | 1335895 FOC 1183
FOC 1183's picture

Correct NFP to 53,999

Fri, 06/03/2011 - 10:39 | 1335904 FranSix
FranSix's picture

You win some, you lose some.

The Shit Blizzard

Fri, 06/03/2011 - 10:45 | 1335944 Hephasteus
Hephasteus's picture

The got those at sonic?

Fri, 06/03/2011 - 10:39 | 1335906 johnnymustardseed
johnnymustardseed's picture

The bigger you are the harder you fall!

Fri, 06/03/2011 - 10:40 | 1335907 Ancona
Ancona's picture


Justice, it's a bitch.

Fri, 06/03/2011 - 10:43 | 1335908 buzzsaw99
buzzsaw99's picture

no biggie, he's rich, his clients are rich, in fact, bennie b. will probably buy those stocks and bonds for a profit.

Fri, 06/03/2011 - 10:46 | 1335954 Urban Redneck
Urban Redneck's picture

one needs a bank license to get into that club

Fri, 06/03/2011 - 10:53 | 1335991 oogs66
oogs66's picture

bonds are down about 50% now.  From 100 --> 50.  That will leave a mark.

Fri, 06/03/2011 - 15:01 | 1337052 NotApplicable
NotApplicable's picture

A big red one. Will probably even burn and sting.

Fri, 06/03/2011 - 10:42 | 1335911 FunkyMonkeyBoy
FunkyMonkeyBoy's picture

These crooks aren't in it for the money. They have more money than they could ever need. They are in it for the power... the power to control governments, which means the power to control YOU goyim scum.

Fri, 06/03/2011 - 10:41 | 1335918 RobotTrader
RobotTrader's picture

Wow, lots of hedge funds probably folding this quarter.

Volatility and specific stock risk has been a killer.

Wonder if Paulson will have to dump is good stocks to meet all the redemptions.

Fri, 06/03/2011 - 10:47 | 1335930 Arius
Arius's picture

perhaps, somebody might be after some know some hard assets...

usually these stock frauds are designed for small investors not for sophisticated players...just wondering...

Fri, 06/03/2011 - 12:09 | 1336331 Papasmurf
Papasmurf's picture

Small investors have left the scene.  This is evolution.

Fri, 06/03/2011 - 10:49 | 1335947 Canucklehead
Canucklehead's picture

That is a given...

Fri, 06/03/2011 - 11:25 | 1336109 ebworthen
ebworthen's picture

Perhaps he gets a tax write-off of some kind from the loss that he needs and is making a killing on other inside information with tips from Chinese friends?  Paulson will eventually need someplace to escape to like his erstwhile friend Hank.

(I believe people were overzealous on the junk button RoboTrader, not I).

Fri, 06/03/2011 - 15:10 | 1337088 NotApplicable
NotApplicable's picture

At this point, it's a conditioned response RT brought upon himself, regardless of the content of his current post.

I do find it interesting how many people care enough to junk him anyway.

Fri, 06/03/2011 - 10:42 | 1335920 baby_BLYTHE
baby_BLYTHE's picture

He should have listened to Marc Faber, the dude is like never wrong.

Short Term  Treasury rally- check

10% correction in the DOW- Check

China/Emerging Market slowdown- check

Fri, 06/03/2011 - 10:50 | 1335974 InconvenientCou...
InconvenientCounterParty's picture

He was singin' that tune throughout 2010.

I'm a fan of Mr. Faber if for nothing else than his mix of dry humor and that authoritarian accent.

Fri, 06/03/2011 - 12:00 | 1336297 gmrpeabody
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Fri, 06/03/2011 - 10:45 | 1335922 GeneMarchbanks
GeneMarchbanks's picture

Fuck John Paulson.

Fri, 06/03/2011 - 10:48 | 1335959 JuicedGamma
JuicedGamma's picture

You are so angry.  Now go take your pills like a good boy.

Fri, 06/03/2011 - 12:14 | 1336341 orangedrinkandchips
orangedrinkandchips's picture

yeah, JP can eat it....

Fri, 06/03/2011 - 15:11 | 1337100 Smokey1
Smokey1's picture

John Paulson eats shit.

Fri, 06/03/2011 - 10:46 | 1335936 Franken_Stein
Franken_Stein's picture


Holy shit !

And Ackermann just 3 weeks ago called Paulson "the superstar on Wallstreet" !

Looks like they've forgotten to place a mole, erm, I mean an expert from an expert network, with Sino Forest.


Well, you can't always win.


Fri, 06/03/2011 - 10:48 | 1335939 sunnydays
sunnydays's picture

Couldn't have happened to a nicer guy.  Karma is a Bitch.........

Fri, 06/03/2011 - 10:48 | 1335942 InconvenientCou...
InconvenientCounterParty's picture

Gold might not be an investment, but it's not a ponzi either.


Fri, 06/03/2011 - 11:01 | 1336017 Bay of Pigs
Bay of Pigs's picture

Really? Wait until Paulson's GLD ponzi falls apart. 

The destruction of these fraud ridden ETF's will be spectacular.

Fri, 06/03/2011 - 11:18 | 1336083 Hephasteus
Hephasteus's picture

Do you think they'll scream ponzai!!!! Before they die?


Fri, 06/03/2011 - 10:49 | 1335950 silvertrain
silvertrain's picture

haha..the sheep are shearing each other now..

Fri, 06/03/2011 - 10:49 | 1335951 zaknick
zaknick's picture

The dirty jooooos did it! lol

JP had it coming... I imagine this is nothing compared to the blood bath that will ensue once true price discovery comes's gonna be an awesome spectacle. Which is probably why you'll see a (nukular?) false flag carried out by the joooooos again instead.

Bow down to AIPAC, bitchez!!

Fri, 06/03/2011 - 10:47 | 1335955 Double down
Double down's picture

Did he own any puts?  Just one phone call from someone within Muddy to Paulson.... Just saying what we should all at least entertain.

Another story is that this is a great blow to the Canadian securities industry and its beloved auditors.

Fri, 06/03/2011 - 10:50 | 1335958 Fedophile
Fedophile's picture

Well, yesterday groupthink became gangbang


Tyler, you're so elegant, I love it!

Fri, 06/03/2011 - 10:51 | 1335963 agent default
agent default's picture

And to think I am feeling butthurt because of the silver action lately.

Fri, 06/03/2011 - 10:51 | 1335964 Fish Gone Bad
Fish Gone Bad's picture

That is like being hit in the nose.  It stings really bad and makes ones' eyes water.  Then it is followed by a hit to the eye, and that just adds insult to injury.  In the back of one's mind, there is the now all too real fear that another punch to the face is coming.  Duck?  Cover?  Run? 

First one out of the pool wins.

Fri, 06/03/2011 - 12:44 | 1336465 doggings
doggings's picture


Fri, 06/03/2011 - 12:42 | 1336468 doggings
Fri, 06/03/2011 - 10:48 | 1335965 John McCloy
John McCloy's picture

Oh it appears he is not so prescient when him and Goldman are not packaging up trash and then using their trading power to engineer short attacks in financial stocks.

Fri, 06/03/2011 - 11:13 | 1336054 pizzgums
pizzgums's picture


sux when the tables get turned, doesn't it...

Fri, 06/03/2011 - 10:52 | 1335972 ebworthen
ebworthen's picture

We are at war with China, we just don't realize it.

No actual shots of gunpowder or fueled projectiles but cyberwarfare attacks on individuals, military installations, and financial Lusitania's like this one.

China has funded Wall Street and Washington's orgy of mammon lusting, and the reasons are becoming all too clear; use the dark sides of capitalism and democracy to collapse them from within.

Fri, 06/03/2011 - 10:56 | 1335976 JuicedGamma
JuicedGamma's picture

The Chinese are very cagey and think they are smarter than US.  So did Japan in the 1990s and look at them now.

Rule number 1: Don't trust Russians, Don't trust the Chinese,  they are all still communist and corrupt.

Fri, 06/03/2011 - 11:15 | 1336056 ebworthen
ebworthen's picture

What is not communist leaning and corrupt about our government, the FED, the bailouts, and Wall Street rigged casino markets?

China is a completely different story and nation in so many ways and we have not nuked them into submission the way we did Japan.

Japan post WWII followed the American model and accelerated past us because of their small size and tight borders.

China has subs capable of taking down our carriers, has a billion people to throw at us, land mass, resources, a need for petroleum that will soon exceed our own, and a need for food that already does.

We are playing into their hands and rapidly becoming a second rate power industrially and financially while losing any moral authority we may have had.

Fri, 06/03/2011 - 11:38 | 1336181 Thisson
Thisson's picture

Hey how are they going to get those billion people here, genius?  Charlie dont surf.

Fri, 06/03/2011 - 12:16 | 1336362 Use of Weapons
Use of Weapons's picture

Take your tonal pick:

#1 You have a track record of allowing farm animals to govern Alaska - if they want to, they'll walk, with a USA company probably paying them to build the road / bridges to get it done properly.


#2 The Mouse Army marches on its feet.


Pick the one suitable to your mindset regarding pessimism/optimism.



Fri, 06/03/2011 - 11:47 | 1336233 Shock and Aweful
Shock and Aweful's picture

Marx said it 150 years ago...


"The Capitalists will sell us the rope with which we will hang them"


After the collaspe of Communism in Europe and the USSR, China was the last "communist" nation of any size on the planet.  They were our sworn enemy not even 30 years ago....

Maybe they looked around and realized that the only way to take down the U.S. would be to use our weakness for consumption against us. 



Fri, 06/03/2011 - 14:20 | 1336872 ebworthen
ebworthen's picture


Fri, 06/03/2011 - 10:54 | 1335977 haskelslocal
haskelslocal's picture

"Group think became Gangbang".... Fucking Priceless...

Fri, 06/03/2011 - 10:56 | 1335987 williambanzai7
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Fri, 06/03/2011 - 10:56 | 1335988 Korrath
Korrath's picture

I like to start each day with a hot steaming cup of schadenfreude, spinkled lightly with mild contempt.  

I suspect I shall enjoy many a fine beverage like this for the next month or so.

Fri, 06/03/2011 - 12:12 | 1336333 gmrpeabody
gmrpeabody's picture

Schadenfreude (i /????d?nfr??d?/; German pronunciation: [??a?d?n?f???d?]) is pleasure derived from the misfortunes of others.[1] This German word is used as a loanword in English and some other languages, and has been calqued in Danish and Norwegian as skadefryd and Swedish as skadeglädje

Fri, 06/03/2011 - 10:57 | 1335994 mattwett12
mattwett12's picture


Probably shorted it.

Should I buy in for a rebound expecting them to "find a new forest" somewhere in the pacific ocean?

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