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John Paulson tells his investors he's shorting European sovereign debt and buying CDS on same,...

John Paulson tells his investors he's shorting European sovereign debt and buying CDS on same, according to a source. The position shouldn't be too much of a surprise as his views on the euro - "structurally flawed" and destined to fall apart - were made clear earlier this year.
Comments (2)
  • buyitcheap
    , contributor
    Comments (1890) | Send Message
     
    Why would you buy CDS from firms that are probably long the same debt you're shorting? Unless some incredible due dil was done on the counterparty, I would consider that structurally flawed as well.
    16 Apr 2012, 03:42 PM Reply Like
  • Ron Myers
    , contributor
    Comments (256) | Send Message
     
    For spanish/italian banks and really all holders of this paper everywhere, the best news possible. Expect eurobonds to be announced tomorrow.
    16 Apr 2012, 06:44 PM Reply Like
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