Friday, August 28, 2009

Why Paulson is buying Citi?

This was taken off Paulson's 2008 Annual Report for his shareholders. Specifically, he has launched a Recovery Fund late 2008 and has cited Citi as an example of a recovery play he might be keen on. I believe he was also an active buyer of Bank of America.

Extracted from the key introduction of the Recovery Fund :-

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