RAC

John Paulson: Long Financials

This is a response to the point that a TARP-backed
financial company is a smart risk for Paulson utilizing the govt
as security or lessening the risk for his bank speculations:

It's conservative risking, and have thought similarly
since TARP began. If Paulson has AIG, then he's doing ok with that non-taxpayer owned twenty percent as since its reverse split
AIG common has been up.

The book value of BAC is said to be approximately double it's current price quote.

Plus Paulson as a long should be able to victoriously lead the squeezing of shorts too.

No wonder BAC is up almost everyday now, and re-covering
in the afternoon as did BAC (I think) did.

There are not a few stodgy, name stocks selling under book, and Paulson is probably nibbling at the sleepers, as contrarians
are known for quietly doing.