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In a separate move private equity firm Candover said its funds had collapsed in value by more than 50%.
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When the real default rate became known, as it inevitably did, the bonds collapsed in value.
When mortgage finance dried up in 2008, these collapsed in value.
They did so during an abysmal showing by business-to-consumer Internet stocks like eToys, CDNow and scores of others that had basked in Nasdaq's glow last year, but collapsed in value amid disappointing Christmas performances.
While speculators were shielded, the peso collapsed in value.
The assets they buy look like a sure thing until the moment they collapse in value.
Hyperinflation involves price increases running out of control as a currency collapses in value.
By the time Lehman Brothers collapsed in September 2008, property values had plunged by a third in Boston and elsewhere, according to analysts.
Paulson shot to fame two years ago when one of his key funds exploded five-fold in value by predicting that the US sub-prime mortgage industry would collapse.
After the financial industry collapsed in 2008, commercial rents and values plunged by as much as 40 percent.
The roof collapsed in 1924 and was rebuilt by 1926.
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