Ever since Muddy Waters analyst Caron Block said that Chinese timber company Sino-Forest was a sham, the whole company started collapsing.Part of what made that interesting was the fact that John Paulson, the powerful hedge funder who’s been having a terrible year, lost $500 million while everyone was jumping ship. Brutal.
Now the company is filing for bankruptcy, according the Globe and Mail.
Think it will help Paulson sleep better at night?
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