Originally posted by ACMF74
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I somewhat agree with the OP. The hedge fund Paulson asked Goldman to build a Swaps or aka "Investment packages" that was built around sub-prime mortgages. Once theses swaps were created and sold to other banks WHY did Paulson BUY insurance on them. Because he knew that they would fail?????? 
and what upsets me the most Goldman paid a small fine and Paulson got off without any penalization. Again...these people/banks making money off the middle class.
and what upsets me the most Goldman paid a small fine and Paulson got off without any penalization. Again...these people/banks making money off the middle class.the other side of paulson's bet was some of the "smartest" money on the street, highly sophisticated investors with as much knowhow as paulson. they bet the wrong way and paid dearly.
btw - its not the first time paulson has made a bundle
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