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Tuesday, April 20, 2010

Goldman figure Paulson hosted Romney, Steele last week

Republicans Mitt Romney and Michael Steele headlined a Republican National Committee fundraiser six days ago at the home of the hedge fund titan at the center of the Security and Exchange Committee's fraud charges against Goldman Sachs.
A spokesman for the RNC confirmed the Tuesday evening event at the Manhattan home of John Paulson, who made a fortune betting against the housing market, and whom Goldman is accused of working to structure products sold to unwitting investors.
Paulson appears not to be facing charges. The RNC spokesman declined to comment on the gathering and a Romney spokesman didn't respond to an email on the topic.
Republicans have by and large fought regulations on derivative trading that would dramatically impact the businesses of hedge fund managers like Paulson. LinkHere


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