Attention Brits: America is at war with you - Paulson’s hedge fund targets UK banks
"Mr Paulson, the founder of Paulson & Co, has bet against four of the five biggest British banks, according to filings made under a new regulatory regime on Tuesday."
[Does a "friend" act maliciously towards one?]
By James Mackintosh in London
Published: September 23 2008 22:25 | Last updated: September 23 2008 22:25
John Paulson, the New York-based hedge fund manager who made billions of dollars predicting the subprime implosion, emerged on Tuesday as the biggest short seller of British banks.
Mr Paulson, the founder of Paulson & Co, has bet against four of the five biggest British banks, according to filings made under a new regulatory regime on Tuesday.
Paulson took pre-emptive action to defend the short positions from what is likely to be a barrage of criticism from politicians and the popular media, saying the firm “empathises” with the tough position facing financial companies.
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[Does a "friend" act maliciously towards one?]
By James Mackintosh in London
Published: September 23 2008 22:25 | Last updated: September 23 2008 22:25
John Paulson, the New York-based hedge fund manager who made billions of dollars predicting the subprime implosion, emerged on Tuesday as the biggest short seller of British banks.
Mr Paulson, the founder of Paulson & Co, has bet against four of the five biggest British banks, according to filings made under a new regulatory regime on Tuesday.
Paulson took pre-emptive action to defend the short positions from what is likely to be a barrage of criticism from politicians and the popular media, saying the firm “empathises” with the tough position facing financial companies.
--MORE--