{"id":11248,"date":"2009-08-13T00:00:00","date_gmt":"2009-08-13T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"paulson-hedge-fund-buys-banks-that-lost-value-in-credit-crisis","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2009\/paulson-hedge-fund-buys-banks-that-lost-value-in-credit-crisis.html","title":{"rendered":"Paulson Hedge Fund Buys Banks That Lost Value in Credit Crisis"},"content":{"rendered":"<p>Bloomberg &#8211; John Paulson, the hedge-fund manager whose wagers against the U.S. housing market helped him earn an estimated $2.5 billion last year, bought Bank of America Corp. and Goldman Sachs Group Inc. stock in the second quarter, while adding to stakes in gold companies.             <\/p>\n<p>His firm, Paulson and Co., bought 168 million shares of Charlotte, North Carolina-based Bank of America valued at $2.2 billion as of June 30, according to a filing yesterday with the U.S. Securities and Exchange Commission. It was the biggest new purchase in the second quarter for Paulson, 53, and made him the bank&rsquo;s fourth-largest owner.     <\/p>\n<p><a title=\" Read Complete Article\" target=\"_blank\" href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601214&#038;sid=aZzUrEyO3NsA&#038;FORM=ZZNR5\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; John Paulson, the hedge-fund manager whose wagers against the U.S. housing market helped him earn an estimated $2.5 billion last year, bought Bank of America Corp. and Goldman Sachs Group Inc. stock in the second quarter, while adding [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[2410,5818,5816,64,15149,15237,398,926,925,37,197,7568,3609,35,21,336,198],"class_list":["post-11248","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-amp","tag-bank-of-america","tag-bank-of-america-corp","tag-bloomberg","tag-charlotte-north-carolina","tag-gold-companies","tag-goldman-sachs","tag-goldman-sachs-group","tag-goldman-sachs-group-inc","tag-hedge-fund-manager","tag-housing-market","tag-sachs-group-inc","tag-second-quarter","tag-securities-and-exchange","tag-securities-and-exchange-commission","tag-stock","tag-wagers"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11248","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=11248"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11248\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=11248"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=11248"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=11248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}