Detailed text transcripts for TV channel - CNN - 20100427:14:31:00
Jersey heating repairman. jack fell behind on his mortgage, so far behind that he lost the house to a foreclosure. on monday it was put up for auction at the county hall of records. >> thank you for inviting me to appear today. >> reporter: this is hedge fund manager john paulson, he bet that jack and thousands of other americans would not be able to pay their mortgages. paulson bet right and made $1 billion. this is goldman sachs, the nation's most prestigious investment firm. goldman sachs set up the bet for john paulson. jack's house was one of the cards and goldman sachs was supposed to be...
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