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UCmeNdc

(9,650 posts)
Sun Dec 18, 2016, 09:18 AM Dec 2016

His OMB selection supports policy that will make John Paulson billions.

During this time speculators like Paulson bought up stock at bargain basement prices and began lobbying the government to end federal control and oversight of the lenders and then recapitalize them and release them back to the private market. Such a policy would, undoubtedly, send the stock price soaring and those who had tens of millions worth of penny-stock would see billions in profit ― including Paulson. Trump had invested between $3 million and $15 million into Paulson’s funds, according to the president-elect’s most recent disclosure report filed in May.

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