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Forum Post: He's worth $15 billion and he's upset with Wall Street protesters for...

Posted 2 years ago on Oct. 20, 2011, 7:43 p.m. EST by MonetizingDiscontent (1257)
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CUE THE VIOLINS - Billionaire Hedge Fund Manager John Paulson Just Wants To Be Appreciated

http://www.truth-out.org/wall-street-dazed-and-confused/1319028757

He's worth $15 billion and he's upset with Wall Street protesters for not appreciating his contributions to the U.S. economy.

Yo, John, appreciate this: You're a f^#@king crook who should be in jail for criminal fraud.

Subprime Supply & Manufactured CDOs - Chicanery Inside John Paulson's Hedgie Sweatshop

http://dailybail.com/home/subprime-supply-manufactured-cdos-chicanery-inside-john-paul.html

7 Comments

7 Comments


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[-] 2 points by Nicolas (258) from Québec, QC 2 years ago

Are they all this self-deluded? Do they honestly think sophisticated stock gambling is useful? I mean, I would not necessarily call them all crooks, but saying we should be thankful for their sterile, if adroit, exploitation of the financial system? None of them realize there comes a point were making money with money in a closed system is really just a lot of wasted energy and intelligence?

Really? They think it's viable for a society to encourage it's smartest members to specialize in shuffling money around?

[-] 1 points by MonetizingDiscontent (1257) 2 years ago

"Here’s the legal theory to keep in mind. Mr. Paulson only stood to gain on a massive scale (or at all) if the securities in question were mispriced, i.e., because their true nature (that they had been picked by Mr. Paulson) was not disclosed. In other words, the Paulson transactions at this stage of the game only made sense if they involved fraud. The principals involved (Paulson and top Goldman people) are all super smart, with unmatched practical experience in this area; they get this totally."

"John Paulson was not the trigger man – it was Goldman and its executives who withheld adverse material information from their customers. But if the entire scheme was Mr. Paulson’s idea – if he was in any legal sense the mastermind (obviously he was, but can you prove it beyond a reasonable doubt?) – then we are looking at potential conspiracy to commit fraud. And if he had conversations of any kind and at any time during this period with top Goldman executives, this will become even more interesting - so of course all relevant phone records will now be subpoenaed."

"Mr. Paulson should be banned from securities markets for life. If that is not possible under current rules and regulations, those should be changed so they can apply. If that change requires an Act of Congress, so be it."

"There is fraud at the heart of Wall Street. It is time to end that."

-Simon Johnson- (co-author of 13 Bankers)

http://baselinescenario.com/2010/04/18/john-paulson-needs-a-good-lawyer/

[-] 1 points by thebeastchasingitstail (1912) 2 years ago

+1 exactly

[-] 0 points by KnowledgeableFellow (471) 2 years ago

so typical......charges of crimes when there were no laws broken. That's anarchy, people. I prefer a state of laws.

[-] 0 points by Sellerman (139) 2 years ago

What is he guilty of?

[-] 1 points by MonetizingDiscontent (1257) 2 years ago

Subprime Supply & Manufactured CDOs - Chicanery Inside John Paulson's Hedgie Sweatshop

http://dailybail.com/home/subprime-supply-manufactured-cdos-chicanery-inside-john-paul.html

Thanks for asking, I just edited the post to include this link.

[-] 1 points by Mooks (1985) 2 years ago

I am pretty sure he didn't actually break any laws. Don't hate the player, hate the game.