Talk about stabbing your financiers in the back.
Campaign fundraising records show that John A. Paulson, founder and chairman of the hedge fund Paulson & Co., gave $30,400 to the Democratic Senatorial Campaign Committee in June, qualifying him as a major Democratic donor.
He also gave $2,300 to Senate Majority Leader Harry Reid’s (D-Nev.) reelection campaign in February of last year and $4,800 to Senate Banking Committee Chairman Chris Dodd (D-Conn.) last April, according to records filed at the Federal Election Commission.
I like Paulson because he was one of the few people that saw the real estate train wreck coming and instead of dodging it like I did he actually went short. He did it in some weird-assed hard to understand synthetic CDO something or other but still he was on the right side of the trade.
Now this goes to show that even if you give money to the Dems that is no protection from being a scapegoat to pin the financial mess on. The Dems want a scalp and Goldman Sachs and Paulson has those scalps.
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