Ex-Treasury chief Paulson loses $1 million on DC home

[cavegal]

http://www.reuters.com/article/idUSTRE6BT3YI20101230

As former President George W. Bush's top economic adviser, Paulson played a lead role battling the U.S. housing downturn and deep financial crisis it sparked.

But last week it got personal.

Paulson sold his three-bedroom home in a tony Washington neighborhood last week for close to a third less than his initial asking price and more than $1 million below what he paid for it more than four years ago.

The villa-style home near the official vice president's mansion and the National Cathedral sold for $3.25 million on December 21. Paulson put it on the market for $4.6 million in April, later lowering the asking price to $4.15 million, according to real estate industry records. He

[thundley4]

Wait a minute........nope, no tears of pity from me. Sorry, my giveadamn is busted.

[Lacarnut]

Wait a minute........nope, no tears of pity from me. Sorry, my giveadamn is busted.

Boo Hoo. He will figure a way to deduct it from his millions made/making on his bank stocks and options.   

[true_blood]