April 18, 2010

Profiting From Bad Advice

[From article]
"Ever keen on shorting the market, Paulson paid Tourre $15 million to create a portfolio of subprime mortgage-backed securities specifically so he could bet against them."

http://www.nypost.com/p/news/local/feds_nail_sachs_JEiwtOy2XZiJBFJD3A3iyI

SEC sues Goldman Sachs over $1B asset 'fraud'
By CHUCK BENNETT, MARK DeCAMBRE and KAJA WHITEHOUSE
New York Post
Last Updated: 12:20 PM, April 17, 2010
Posted: 2:47 AM, April 17, 2010

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