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SLIDESHOW-Paulson-hedge-fund-in-blistering-attack-on-top-gold-miners-Marcelo-Kim.pdf
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OverviewIn 2006, John Paulson organized Paulson Credit Opportunity Fund that bet against bonds backed by subprime mortgages using
credit default swaps.
[5] Paulson "shot to fame and fortune" when his investment strategies paid off during the subprime housing market crash.
[6] His bet against the
subprime mortgage bubble has been called "the greatest trade ever" by Gregory Zuckerman.
[7][8][9][10][11] Paulson's involvement in the
Abacus-2007AC1 deals resulted in Goldman Sachs paying a $550 million penalty, the largest ever paid by a Wall Street firm.
[12]
RecognitionThe Greatest Trade Ever became a
New York Times and
Wall Street Journal best-seller and has since been translated into nine languages.