[Defenestrated]

http://www.motherjones.com/politics/2009/03/10-people-who-are-profiting-global-economic-crisis

Favorite.

John Paulson: "John Paulson Profits in Downturn" is the headline of a February 2009 article in Portfolio magazine. It's also the understatement of the century. Paulson is a hedge fund manager who has been ridiculously successful betting against banks and other entities that had exposure to the subprime crisis: In 2007, his funds were up $15 billion. In 2008, he didn't do as well: His main fund rose 38 percent in a year when the S&P 500 fell almost 40 percent. His 2007 earnings were in the neighborhood of $3.7 billion. According to Forbes, while 656 billionaires lost money last year, Paulson was one of the 44 who added to their fortunes. He jumped to #76 on the magazine's list of the world's richest people, approximately doubling his net worth since 2007. According to Portfolio, $100 invested with Paulson's "Credit Fund 1" in 2007 would be worth nearly $700 today. And on Wednesday, Bloomberg News reported that Paulson may have made another $428 million since September 2008 by shorting Lloyds Banking Group and HBOS Plc., two British financial firms.

Now that is a man who knows how to profit on the misery of others! Much respect!

Excuse me... I need to go sit in the tub and have a deep conversation with my straight razor...

 

[3D.]

he will turn his profits into multiple companies, providing thousands of jobs for the middle class and the trickle down method will prevail once more

 

[manimal]

providing thousands of jobs for the middle class and the trickle down method will prevail once more

Yup..someone has to be the bubble blower for his jacuzzi

 

[X3pilot]

And this is shocking and surprising why?

 

[$tinkle]

And this is shocking and surprising why?

b/c it's not fair! it's just not fair!

i'm not trying to claim to have the wisdom of solomon, but there's nothing new under the sun, especially here

 

[stevew]

the weeping child is back....hooray....

rich getting richer.....it happens everywhere....every form of government.

 

[ire]

I will remain pissed until a point in time where I am the rich person getting richer...then I'll be happy

 

[Defenestrated]

If they are entitled to their cash, then am I not entitled to laugh at the circumstances of their profiteering?

Fair is fair.