About the Program
Gregory Zuckerman talks about John Paulson, whose hedge fund, Paulson & Co., made $20 billion by betting against the housing market in 2007 and 2008. On April 16, 2010 Paulson & Co. was named by the SEC in its civil lawsuit against investment bank Goldman Sachs. The SEC suit charged that Goldman defrauded its investors out of $1 billion by selling them mortgage-backed securities without disclosing that the securities were selected by Paulson & Co. or that Paulson & Co. shorted (or bet against) these same securities. This talk by Gregory Zuckerman was hosted by MIT's Sloan School of Management.