Saturday, August 6, 2016

John Paulson included in Trump's economic policy team

CNBC.com
8/05/2016
Donald Trump has unveiled an economic team that includes hedge titan John Paulson to help guide the GOP presidential candidate's sometimes-inconsistent policy statements.

Paulson is the founder of investment firm Paulson and Co., and made billions betting against subprime mortgages in 2007 leading up to the financial crisis.
Stephen Miller, national director of economic policy 
Dan Kowalski, national deputy director of economic policy.
Roth is the billionaire head of Vornado Realty.
Hamm is a billionaire oilman and CEO of Continental Resources.
Lorber is the CEO of tobacco and real estate company Vector Group.
Mnuchin is Trump's national finance chairman, and the chairman and CEO of hedge fund Dune Capital Management.
Barrack served in the Reagan administration as deputy undersecretary of interior, and is founder and chairman of Colony Capital.
Calk is the chairman and CEO of The Federal Savings Bank.
Beal is the billionaire founder and chairman of Beal Bank and Beal Bank USA.
Feinberg is the billionaire co-founder and CEO of Cerberus Capital Management.
Malpass a former Bear Stearns chief economist
Navarro is an economics professor at the University of California, 
Irvine Moore is a former member of The Wall Street Journal's editorial board and a founder of the Club for Growth.
DiMicco is former CEO of steel company Nucor.

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Note:
John Paulson, has not only bought $120 million in bonds but also invested in the island’s largest bank and several major hotel properties in Puerto Rico. 
MJ

PAULSON EXPLORING A MOVE TO PUERTO RICO
March 11, 2013 WSP
"John Paulson, a lifelong New Yorker, is exploring a move to Puerto Rico, where a new law would eliminate taxes on gains from the $9.5 billion he has invested in his own hedge funds, according to four people who have spoken to him about a possible relocation."
"Ten wealthy Americans have already taken advantage of the year-old Puerto Rican law that lets new residents pay no local or U.S. federal taxes on capital gains, according to Alberto Baco Bague, Secretary of Economic Development and Commerce of Puerto Rico. The marginal tax rate for affluent New Yorkers can exceed 50 percent on ordinary income."