Hedge fund owner made 3.7 billion income in 07 by speculating against subprime mortgages

May 9, 2015

Hedge fund owner made 3.7 billion income in 07 by speculating against subprime mortgages; speculation that they would collapse. in one hr makes 30x what average makes in a year

 

Source: Bill Moyers Journal, June 13, 2008, interviewing Tim Fraser, author of Wall Street.

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