According to CNBC, John Paulson just dumped Bank of America.
The stock has been a big loser lately, though it’s popped recently on news of its putback settlement.
The sale comes not long after his big sale of Sino-Forest, the Chinese timer company accused by Carson Block of being a fraud.
It’s been a horrible year for the world’s largest hedge fund manager, with June having been particularly terrible.
Earlier Oppenheimer’s Chris Kotowki explained why he thought that BofA was still in the “Penalty Box”.