The Greatest Trade Ever

The Greatest Trade Ever

The Behind-the-scenes Story of How John Paulson Defied Wall Street and Made Financial History

Book - 2009
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A superbly written, behind-the-scenes narrative of how hedge fund manager John Paulson foresaw the escalating financial crisis and turned a falling housing market into financial history.
Publisher: New York : Broadway Books, c2009
Edition: 1st ed
ISBN: 9780385529914
0385529910
Branch Call Number: 92 P2857z 2009
Characteristics: 295 p. : port. ; 25 cm

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MBMASER
May 31, 2014

When you stop and consider that ALL synthetic CDOs were made possible through the payments made to purchase CDS "insurance," it's evident that someone - or more likely, several someones - made a whole lot more money than Paulson or any of the characters in 'The Big Short,' 'And Then The Roof Caved In,' and other such accounts.

s
StarGladiator
Apr 20, 2013

We now know (and everyone should by this late date) that this book is a complete sham, as the SEC investigation, which levied a criminal penalty against Goldman Sachs (and should have jailed Paulson, but corruption reigns supreme at the SEC, as they are heavily influenced politically by the Federal Reserve (as Sheila Blair mentioned on her way out the door of the FDIC), that it was rigged financial instruments (Abacus CDO, et al.) between Paulson and Goldman Sachs, and Paulson and others, together with the US Treasury's favorite financial manipulation device, the credit default swap, used as a naked swap, that afforded the financial fraud of John Paulson and Goldman Sachs (loading CDOs with the trashiest of loans, then buying naked swaps against them; $1.4 million per swap, with a payout of $100 million per swap, and so forth). Paulson and GS bet on NOTHING, they stacked the deck, cheated, then reaped the profits by theft, and GS would later pay a paltry penalty.

CorwinK Apr 25, 2011

Really great account of how John Paulson and a crew of others made financial history. I personally think its a better telling of these episodes than 'The Big Short' by Michael Lewis.

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