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A Tale of Two Paulsons...

(7 posts)

  1. chenier
    Member

    One is Hank 'Call Me Uncle Joe' Paulson, US Treasury Secretary, currently performing his 'Buddy, Can You Spare a Trillion' at the Capitol to mixed reviews.

    And then on the other side of the pond there's John Paulson, of the eponymous Hedge Fund Paulson and Co, which under new disclosure rules had to disclose it was shorting large positions in Lloyds TSB, Royal Bank of Scotland, HBOS, and Barclays.

    So far, so obvious.

    The less obvious bit is that the Financial Times reports that Mr John Paulson, anticipating criticism for his moves, defended the short positions, saying his hedge fund

    “empathizes with financial firms as to the difficult positions in which many find themselves.”

    Yep; that's sincerity oozing through every pore...

    Posted 1 year ago #
  2. June
    Member

    well at least we have the original Sorene

    Posted 1 year ago #
  3. June
    Member

  4. chenier
    Member

    Yep; both Paulsons are a bit unhappy with our Gordie. He was supposed to do the Tone thing, standing shoulder to shoulder, handing over the blank cheque, and he hasn't.

    It's an economic Pearl Harbour, and we Brits are not pulling our weight; poor Warren Buffett may have made a bad bet if he was banking on TARP going through in anything remotely like the original form....

    Posted 1 year ago #
  5. June
    Member

  6. chenier
    Member

    Oh, Bush does care!

    Who knows what disastrous investments are buried in his allegedly blind trusts?

    I shall do some digging...

    Posted 1 year ago #
  7. Saul
    Member

    'tis a far far better he thing he does now....pity it's too late.

    Posted 1 year ago #

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