"I couldn't even read the whole application," says John Paulson of a 500-page SEC filing hedge...

|By:, SA News Editor

"I couldn't even read the whole application," says John Paulson of a 500-page SEC filing hedge funds are to complete as part of Dodd-Frank reforms. "It's a complete waste of time ... they don't know what they wanted, they just asked for everything in every possible way." Yes, but Paulson (and everyone else) surely hired a team of lawyers to take care of it. Mission Accomplished.