He's short mortgages. That's what you do when you buy a home, too, except you get a home and he just keeps the cash. Paulson is actually one of the world's bigg

He's short mortgages. That's what you do when you buy a home, too, except you get a home and he just keeps the cash. Paulson is actually one of the world's biggest subprime borrowers -- so however much pity you have for the average borrower, multiply it by about 20,000 or reconsider your assumptions.