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Traders making commodity-like bets on future home pricing

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Go to Vegas. You can probably get better odds at the craps table.
 
John Paulson has made a billion or two betting the market would collapse. He seems to be one of the few to figure out a way to short the entire market. Too bad they won't appoint him to run Fannie & Freddie for a while and straighten them out.
 
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