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


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.