Posted on 04/16/2010 7:43:50 PM PDT by NormsRevenge
fwiw, He spread his or his company’s money around on both sides of the aisle.
Yes they have but the President is the number one on the list of those receiving money from Wallstreet just above the beloved Sen. Chuck Schumer. Sen Gillibrand is the number one recipient of funds specifically from Goldman Sachs.
‘Protection’ money.
*PING*
That is what investors do...they play both sides..even in the market. They could care less who "wins" politically as long as their bets are correct.
That said, in this case it appears that they were backing Rinos and Dems only, artificially propping up a move to fascism and socialism. Once the bets are made, they want a return on their investment. They got it...now it's time to parachute out.
I see another one going "under the bus" which appears to be code for early moneyed retirement.
I’ll bet if you dig hard enough, George Soros’ filthy hands will be found somewhere in that.
The narrative is not that he is a major dem donor, it’s the the wonderful obumber is prosecuting him even tho he is a dem donor.
He is protected. No jail time if found guilty.
Its a set up to show the masses that Obama is serious. He isn’t. He is a corporatist and Marxist. He will sacrifice the middle class. Of course, that is most Freepers.
“Nadeam Elshami” should tell you quite a bit - inholy alliance
$$$$$$$$$$$$$$$$
No kidding!?
Kind of a non-story... “The billionaire hedge fund manager at the center of an alleged fraud hatched at Goldman Sachs, a leading investment bank, has given tens of thousands of dollars to both parties.”
An equal opportunity whore-payer who needs to be behind bars, regardless.
If it were up to me I’d throw the whole government out and draft productive Americans and choose them by lot. Would be a VAST improvement.
Wow, he covered all the bases. But who had the power to make things happen?
Paulson & Company
Alan Greenspan - advisory board member
******
Hedge fund manager John Paulson has profited more than anyone else from the financial crisis. His $3.7 billion payday in 2007 broke every record, and he made it all by betting against homeowners, shareholders, and the rest of us.
Paulson is the most conspicuous of Wall Street’s winners. Paulson & Co.’s funds (with an estimated $36 billion under management and growing by the day) were up a staggering $15 billion as the markets teetered in 2007; one fund gained 590 percent, another 353 percent. All this reportedly garnered him a personal payday of $3.7 billion, among the biggest in history.
By scoring returns of this magnitude, Paulson has dwarfed the success of George Soros.
Paulson makes no apologies. He describes in detail how he pulled off the greatest financial coup in recent history—a two-year bet that the calamity we are now experiencing would take place. It was a megatrade involving dozens of financial instruments, along with prescient wagers that banks like Lehman Brothers would eventually go under.
A research firm is now calling Paulson the George Soros of derivatives markets, where the bulk of speculation against European debt and the Euro is happening; the Telegraph says that so far “no hedge fund has put its head above the parapet in this destructive trade,” but the rumor is that Paulson is behind it.
If Paulson is the hedge fund king behind the parapet, as rumored in English and reported in Greek, then it would seem fairly likely that Paulson and Goldman partnered — colluded? — to build profitable short positions against Greek debt. That Goldman was shepherding hedge fund client Paulson around Athens in recent weeks would seem to suggest that the bank and hedge fund are working together in Greece.
Paulson and Goldman have partnered before — on the subprime short trades that won them enormous profits in the midst of the housing. Those trades have gotten a lot of attention, but the fact that Paulson and Goldman worked together to make it all happen has received much less ink. The story of Paulson’s investments is detailed in Gregory Zuckerman’s book, The Greatest Trade Ever. Goldman plays a prominent role, setting up the CDOs that Paulson would wager against, and then selling them to investors. The star Goldman trader who placed the bank’s winning bets against the subprime market, Josh Birnbaum, was reportedly in frequent contact with Paulson, at one point encouraging him to back off his bets (perhaps to make more room for Goldman).
Since Paulson was in the room with Goldman (and several other banks) when these CDOs were first conceived, it would seem that the fund had an unfair edge over the investors that would lose their shirt buying the securities. Zuckerman notes that Deutsche Bank suffered losses because it couldn’t find takers; that famous taker, AIG, may have been Goldman’s convenient solution.
These parallels raise obvious questions: was Paulson also in the room with Goldman before it tried to sell Greece on a new way to hide its debt this past November? As a hedge fund client of Goldman’s, did Paulson have special information about Greece’s true debt situation? Are Goldman and Paulson partnering, once again, to profit from the downfall of an entire country/continent?
Um, on the Presidential side he supported McCain, Giuliani, and Romney. So, really, he didn’t support any Republicans.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.