Paulson & Co., the hedge fund run by billionaire John Paulson, may have made as much as $67 million in 25 minutes today as Lloyds Banking Group Plc lost about 5.9 billion pounds ($8.5 billion) in market value.
Lloyds fell the most in 20 years after saying HBOS Plc, the U.K. lender it took over last month, would report a 10 billion- pound ($14.5 billion) pretax loss. The shares plunged as much as 43 percent in less than 25 minutes of London trading.
But seriously: adopt me.
Paulson May Have Made $67 Million in 25-Minute Lloyds Plunge [Bloomberg]