Tuesday, April 08, 2008

A record yearly income


$3.5 Billion on Wall Street for hedge fund manager John Paulson.

His skill, guessing right and betting big on the housing decline. No, there was no productive benefit to his gambling and betting prices would go down.

1 comment:

robertjnagle said...

People made the same charge about George Soros, and he used his wealth to philanthropic purposes.

Perhaps Michael Moore is equally culpable for profitting off the health crisis with his movie sicko.

Odd fact, I'm logging this comment using OpenID.