John Paulson – more crooked than clever, says The Big Money:

“What emerges from the SEC’s charges against Goldman Sachs (which, it should be noted, the investment bank is strenuously denying) isn’t a story of Paulson seeing a crisis coming when others are still happily buying up housing derivatives. No, it’s a story of reluctant buyers manipulated into buying more collateralized debt obligations when it was already clear that the market was falling apart.”