billionaire's 44% of assets now in gold assets, page-8

Jambo

I know one or two bond managers who pooh-poohed CDOs and securitize US residential mortgages in 2005-7.

They still have their businesses!


"Paulson destroys his business if he's incorrect. If he has calls it right then he makes billions. That's his job."

LOL. I think that there are one or two US bankers our there who think the same way...


We should all understand that Paulson is a compulsive gambler. There are plenty of compulsive gamblers on Wall Street, and random chance occasionally selects one or two of them to become billionaires and everyone mistakenly thinks that they are good at what they do! I should find that funny, but I don't.