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Loan Modification

: Mortgage Lender Implode-o-Meter

The Greatest Trade Ever: How John Paulson Bet Against the Markets and Made $20 Billion

By Implode-Explode Heavy Industries

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``On a single morning in 2007, when gung ho sub-prime lender New Century announced it was in trouble, Paulson's fund clocked up gains of $1.25bn ? more than his idol George Soros made in his notorious gamble against sterling in 1992, when Britain was forced out of the European exchange rate mechanism.''

Full post as published by Mortgage Lender Implode-o-Meter on March 07, 2010 (boomark / email).

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