John Paulson Bests $4B Gains of 2007, with $5B Year in 2010

We’ll leave the societal discussions of our currently structured financial incentives for another day, but the WSJ reports that John Paulson has surpassed his legendary 2007 haul of $4B, with a $5B payday in 2010. As we’ve outlined in the past, after betting against the mortgage market, Paulson turned around and bet with the government [...]