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Why is Pellegrini calling Bernanke's easy money policy 'sheer lunacy'?

Posted Nov 17th 2009 2:40PM by Connie Madon (RSS feed)
Filed under: Forecasts, Market Matters, Recession, Financial Crisis

Who is Paolo Pellegrini? Pellegrini is a Rome-born analyst who helped hedge fund operator John Paulson make tons of money in the subprime crash of 2007-2008.

It was Pellegrini who led the number crunching on mortgages and home prices and came to the conclusion that housing prices were about to collapse. Paulson's hedge fund took advantage of this data and proceeded to make $3.5 billion on his trades.

Continue reading Why is Pellegrini calling Bernanke's easy money policy 'sheer lunacy'?

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