Today’s special report “The perils of Paulson” takes a look at hedge fund king John Paulson, who shot to fame by calling the U.S. housing market crash in 2007, and making a lot of money out of it. This year, his funds are not doing so well.
From Europe to India, policymakers are grappling with the fallout from the harrowing, 20-minute stock market meltdown in May that was quickly dubbed the “flash crash”. Electronic markets are suddenly suspect. But will regulators try to reign in modern trading advances?