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Paulson in line for $726m payout on Lehman debt

The Independent - John Paulson, the hedge fund manager who made billions betting against the risky mortgages that bankrupted Lehman Brothers, is set to reap another small fortune from his investments in the defunct bank’s debt. Paulson & Co, Mr Paulson’s fund, bought up more than $7bn (£4.3bn) of Lehman’s bonds after the bank’s collapse in September [...]

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