Friday, February 18, 2011

Paulson Buying Bankrupt Hotels

Last night, during a ceremony honoring the man, former Fed Chairman Alan Greenspan,  who brought on the financial crisis, hedge fund manager John Paulson told an audience at NYU's Stern School of Business that he has been taking advantage of the crisis by buying bankrupt hotels.

According to Paulson, his firm just recently purchased 8 hotels in bankruptcy. One of which was the La Quinta in Palm Springs. Another was purchased in Hawaii.

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