{"id":43178,"date":"2014-07-23T08:03:07","date_gmt":"2014-07-23T12:03:07","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=43178"},"modified":"2014-07-23T08:03:07","modified_gmt":"2014-07-23T12:03:07","slug":"bet-on-failed-bank-creates-windfall","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2014\/bet-on-failed-bank-creates-windfall.html","title":{"rendered":"Bet on Failed Bank Creates Windfall"},"content":{"rendered":"<p>WSJ &#8211; An investment group backed by John Paulson, George Soros, Michael Dell and Christopher Flowers stands to gain more than $3 billion from a bet made on a failed lender during the depths of the financial crisis.<\/p>\n<p>The group&#8217;s 2009 purchase of OneWest Bank, formerly known as IndyMac Bank, will produce a return of 3.35 times its initial investment, according to people familiar with the deal.<\/p>\n<p><a href=\"http:\/\/online.wsj.com\/articles\/john-paulson-hedge-fund-profits-from-stake-in-indymac-1406061115?mod=_newsreel_5\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>WSJ &#8211; An investment group backed by John Paulson, George Soros, Michael Dell and Christopher Flowers stands to gain more than $3 billion from a bet made on a failed lender during the depths of the financial crisis. The group&#8217;s [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-43178","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/43178","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=43178"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/43178\/revisions"}],"predecessor-version":[{"id":43179,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/43178\/revisions\/43179"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=43178"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=43178"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=43178"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}