An annual list of the 20 highest incomes on Wall Street, released by Forbes, revealed that two of the top three earners won big by betting on the depreciation of subprime credit and home mortgage companies. John Paulson of hedge fund Paulson & Co. made $3.3 billion and Philip Falcone of hedge fund Harbinger Capital Partners made $1.7 billion. Rev. Jesse Jackson expressed dismay with the money-making strategy at a Monday meeting in Brooklyn on methods of tackling the subprime crisis.
|Knotel in talks for roughly $200M Series C funding round: sources|
|Why this VC-backed StreetEasy rival is cutting back on listings inventory|
These are the tallest towers underway
|The downturn is coming. Can the We Company survive the storm?|
|Felix Sater: “My main motivation was in building a Trump tower in Moscow and making $100M in the process”|
|Amid financial woes, Brookland Capital is selling another Brooklyn property|
|These are some of the most notable resi sales of the week|