Paulson and Co.'s Assets Soar

October 27th, 2007
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Paulson and Co., a $20 billion dollar hedge fund that bet on foreclosures in the subprime market has seen its assets soar. They are pushing for a new bill that would allow federal judges to restructure mortgage terms for borrowers in bankruptcy. The bill if passed can be abused by homeowners to declare bankruptcy and lower their payments. Since mortgages are packed together and sold as securities allowing cram-downs would further dry up liquidity in the market and cause the value of mortgage-backed securities to collapse.
For Detailed Investor Profiles on these Investors, click below:
Paulson & Co.
Related People: Andrew Hoine; John Paulson; Mena Gerowin*; Mike Barr; Sheru Chowdhry; Stuart Merzer
Related Entities: Paulson Advantage Master Ltd; Paulson Advantage Plus Master Ltd; Paulson Real Estate Recovery Fund; Paulson Recovery Fund; PCI
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News

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