Update: Turns out there’s less here than meets the eye. See here.
According to CNBC, it was John Paulson’s former right-hand man Paolo Pellegrini that ratted out John Paulson and Goldman Sachs, having given the SEC a deposition.
If this is true, it’s a major middle finger to his old boss, whom Pellegrini may have felt hasn’t given him enough credit for designing the amazing anti-housing trade.
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