John Paulson Pretty Sure Dodd-Frank, New Hedge Fund Disclosure Rules Are The Most Fakakta Thing He’s Seen In A Long Time

“I couldn’t even read the whole application,” he said to guffaws from several hundred young Jewish professionals gathered sipping on spirits and kosher wine at event space Chelsea Pearl to hear his advice on how to make it in finance. “I did review part of the application, about 40 pages [out of 500], and the information we provided doesn’t make any sesne to me. How could it possibly make sense to the SEC? It’s a complete waste of time,” he added. “They don’t know what they’re looking for, the just asked for everything in every possible way…I don’t believe the Dodd-Frank law is a positive piece of legislation,” he said dryly, understating his distaste. “I ordered the bill; there are 2,000 pages. I couldn’t read the table of contents. I don’t know anyone who has read it. I think it has retarded the recovery…it’s complete gobbledygook.” [AR]

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62 Responses to “John Paulson Pretty Sure Dodd-Frank, New Hedge Fund Disclosure Rules Are The Most Fakakta Thing He’s Seen In A Long Time”

  1. Im_a_Dude says:

    Bess, where did you learn to speak yiddish?

  2. guest says:

    Thank god that everyone who backed the bill didn't share Paulson's attitude and read all 2,000 pages… twice.

  3. Guest says:


    It sounds like that event would have been a great opportunity for you to find a new bf ?

    Matt could have been your wingman.

  4. Alt_EST says:

    Well I think your investment strategy has retarded your return profile.


    Dodd-Frank Act

  5. Guest says:

    Using the word retarded and getting away with it is the NKI.

  6. guest1 says:

    Only 2000 pages? Pu$$y.


    Tax code

  7. Guest says:

    Your assets imply intelligence, but your spray tan implies gobbledybullshit yourself good sir.


  8. S. Berlusconie says:

    "…asked for everything in every possible way."

    American legislation = my bunga bunga parties!

    S. Berlusconi for Congressman

  9. pazzo83 says:

    Not even getting through a bill's Table of Contents and then declaring the entire thing "gobbledygook" is the NKI.

  10. Contrarian says:

    Given Paulson's distaste for it, is there any way to go long Dodd-Frank?

  11. Guest says:

    Nice pic!

  12. Hooplah Capital Mgmt says:

    Our new fund has the option to hold excess cash in gobbledygook. Our strategy is to go long flimflam while shorting rigmarole in proportion to our conviction about macro mumbo jumbo.

  13. Lowly Assistant says:

    Mmm. 2016.


    -Hillary Clinton

    • Guest says:

      FYI the board is also equally unrelenting in its down click punishment for non-creative/overall poor quality comments

      You've been warned.

  14. Guy with A.D.D. says:

    Pages 1283 – 1548 are just pages with variosu dried spittle-stain spots from Braney Frank's lower lip.
    Is obvious nobody has read the whole thing, nobody has mentioned this yet.

  15. Risk Manager says:

    Why do they call it ovaltine? The mug is round. The jar is round…. they should call it roundtine.

  16. Pete says:

    Great a bunch of new Madoffs in the making…hide your money

  17. Eeet says:

    Hey! No like last part!

    – Viet Cong Venture Capitalist.

  18. Guest says:

    Well, that explains things..the Sino-Forest Prosup was 1000 pages long and didn't list the synthetic phantom trees in the TOC!

  19. Guest says:

    Disclosure for ye but not for me!

    -G Sorros

  20. Guest says:

    Stop whining like a broad you homo.

    -B. Frank

  21. Guest! says:

    Matt Levine>Dodd-Frank

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    <img src=""/>Anyone knows the latest move of Paulson's holding by the way?<img src=""/&gt;

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  32. Mighty Taco says:

    Legend goes that you can taste Dodd on Barney's frank!