Betting Against Subprime: Big Risk Led To Big Gains

Chances are you've never heard of Jeff Greene. But his risky wager against subprimes loans made waves on Wall Street and scored him a fortune. Greene shocked some of the biggest investment banking firms and earned one of the largest individual gains in Wall Street history when he traded in his subprime mortgage backed bonds. Greene made $500 million off the trade-in in 2006. "I've always attempted things that some people say are hard to accomplish," he said. "I just felt that I'd give...Full Story
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