- advertisements -
Paulson has lost it! He is now selling and investing like an Amateur.....Go short on Paulson.
I was just going to say, might be time to buy BAC.
Shouldn't the article title say "Paulson Dumped" as in past tense. News, particularly financial news, is always a rear view mirror driving experience.
So Paulson doesn't do so well if he can't rig the outcome, like with subprime mortgages?
It certainly appears he is a better con artist than stock picker. Not sure who wants to invest with a crook anyway, they deserve to lose their ass.
Collecting 100:1 leveraged death insurance on people whom you've poisoned is far more profitable than old fashioned investing.
TBTF means "taxpayers bail the fuckers", need I say more?
I wonder what would happen if it turned out the reference MBS securities used for Paulson's big short turned out to have failed the reps and warranties requirements, so were proved to have never been perfected, thus resulting in all contracts referencing these assets being declared ultra vires.
It is not beyond the realm of possibilities that Paulson would have to pay back all his winnings... now that would be funny...
amazing how average he is when not conspiring with the squid to rip off norway teachers.
Damn, and I just bought Smurfit-Container.
BoA is a dead bank walking. There are more out there, much more.
I guess if it's true this "settlement" is very bad news for BofA it's also true the largest American bank by assets can't come up with $8.5 Billion without crawling on hands and knees to Uncle Benny and his lapdog loan shark Timmy G.
BofA was bailed out to the tune of $138 Billion. Where is all of that fucking money?
Maybe, Paulson should read Zero hedge more often?
I actually made a nice trade out of this stock in 2009 near the bottom by simply betting that the government wouldn't let a big bank named "Bank of America" go under - at least not right away. Bad optics and all that.
But I never thought it would still be around by now.
And little did I know at the time that no big banks would be allowed to fail.
I played that one long near the bottom too. Then went and got short a little too early and gave some back.
"But I never thought it would still be around by now."
Matter of time before redemptions force him to dump GLD.
More cheap physical for the rest of us plebes.
Well, looks like he can't make a "killing" anymore, it's HE WHO GETS KILLED!
Sorry, physical here is cheap.
No good deed goes unpunished. JP was the only hedgie who after blowing up the banks scoopped them up on the bailout news. I mean "you amass a 200 million share posistion in BofA"!!! The news is that the equity market has signalled nothing but recovery going on 7 months now--which does indeed make me wonder who's getting annihilated as the market powers higher? Anyone shorting this thing comes to mind...
when you are not in the insider circle anymore - below average returns
that portfolio proves bigger aint better if you are trying to get alpha
Tit for tat.
Another chair removed from the game as the Music starts up a bit faster this time.
" Paulson & Co., the $38 billion hedge-fund behemoth. "
Ha. Bubbles Ben prints up a "behemoth" in about two weeks.
Paulson should buy out all the silver at the crimex.
I'm sure he'd rather be broke than dead.
Bud Fox: It's two minutes to closing, Gordon. What do you want to do? Decide.
Gordon Gekko: [calms down] Dump it
June 2011 has not been been a good month for Paulson
Goldman Sachs Board Member Spared any investigation by the SEC... Surprise! Surprise!! Surprise!!!
“Gupta was not called as a witness at Rajaratnam's trial, which ended in his conviction on all counts last month. But his voice was heard in several taped phone calls between the men; prosecutors say that, in one case, Gupta called Rajaratnam only seconds after leaving a Goldman board conference call to tell him that bank had received a big investment from Berkshire Hathaway.”
He has one Big Win with subprime but after that his only smart move in this market was buying tons of gold and a handful of gold miners.
Paulson has lost his otuch...sad to see 'm go.
Paulson Dumping Bank Of America
And they made such a nice couple. :-(
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Advertise With Us
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
How to report offensive comments
Notice on Racial Discrimination.