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John Paulson

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Submitted By dymewithcakes
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John Paulson

1. John Alfred Paulson was born December 14, 1955 and is the founder and president of Paulson & Co. which is a New York-based hedge fund (Wikipedia).

2. He was Valedictorian of his class at New York University’s College of Business and Public Administration and received his MBA from Harvard Business School as a Baker Scholar, the school’s distinction for the class’ top students.

3. Paulson is worldly known as the hedge-fund manager who made billions of dollars betting against the mortgage market (nymag.com).

4. Paulson was born in Queens, New York, the son of Jacqueline and Alfredo Paulson, a Chief Financial Officer for Ruder Finn (Wikipedia).

5. Paulson teamed up with some fellow billionaires to buy one of the biggest failed specialists in nontraditional mortgages, Indy Mac Bank, from the government. The group recouped its $1.55-billion investment in the Pasadena savings and loan in less than a year

6. He began his career at Boston Consulting Group before leaving to join Odyssey Partners, working under Leon Levy (Wikipedia).

7. On May 15, 2008, Paulson & Co. Which bought 50 million shares of Yahoo stock during the first quarter of 2008, said it is supporting Carl Icahn on a proxy fight to replace Yahoo's board (Wikipedia)

8. Paulson name was linked to a scandal in which Goldman Sachs was accused of duping investors to put money into the failing housing market. In this deal supposedly Paulson netted $1 billion (nydailynews.com)

9. In December 2009, it was reported that Paulson had profited during the financial crisis of 2007 by betting against synthetic collateralized debt obligations. Paulson and others successfully protecting these bets by preventing attempts to limit foreclosures and rework mortgage loans (Wikipedia)

10. John Paulson donated $15 million to the Center for

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