In a meeting at John Paulson's office this week, his investors learned that a bank owned by his hedge fund - One West - will improve the documentation process for just a few million dollars. He expects other banks will do the same. Paulson & Co. feels that this issue is just a political smokescreen that will dissapate after the election.
Thursday, October 14, 2010
I disagree with the idea that "robo-foreclosures" should depress the stock market. Today's headline is "U.S. Stocks Retreat as Banks Tumble on Foreclosure Concerns."
In a meeting at John Paulson's office this week, his investors learned that a bank owned by his hedge fund - One West - will improve the documentation process for just a few million dollars. He expects other banks will do the same. Paulson & Co. feels that this issue is just a political smokescreen that will dissapate after the election.
In a meeting at John Paulson's office this week, his investors learned that a bank owned by his hedge fund - One West - will improve the documentation process for just a few million dollars. He expects other banks will do the same. Paulson & Co. feels that this issue is just a political smokescreen that will dissapate after the election.
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