Paulson & Co Former Executive Testifies About Hedge Fund’s Bet Against Subprime Mortgages

Paulson & Co Former Executive  Paolo Pellegrini Testifies About Hedge Fund's Bet Against Subprime Mortgages. A key participant in the notorious Abacus investment knew that hedge fund Paulson & Co Inc planned to bet against the deal, a former Paulson managing director said on Wednesday, potentially undercutting part of the case against Fabrice Tourre. [...]