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John Paulson Unplugged: SEC filings are a complete waste of time


Billionaire hedge fund manager calls new disclosures “gobbledygook,” blasts Dodd-Frank to private gathering of young Jewish financiers.

   John Paulson at the U.S. Open in September 2012 (Photo: Bloomberg)

With his flagship fund down double digits for a second consecutive year and his preferred presidential candidate, Mitt Romney, dropping in the polls, hedge fund manager John Paulson has turned his attention to a new foe: the U.S. Securities and Exchange Commission.

The winner of what some called “The Greatest Trade Ever” against the subprime mortgage market let loose last night at a private gathering on exactly how little he thinks of the information his $19.5 billion firm is providing to