"Why would somebody not buy protection on the lowest potential performing component of the deal and buy long on the top end of the deal?"
"Your job also is to keep customers, isn't it?"
"Just to be clear, I have a little difference with the Chairman on the idea of shorts."
"So they might straddle that for their own insurance, but that is it?"
"At no time did you infer that, tell them that, or state that, at any time with ACA?"
"OK. Thank you."
"What was the indication for the trading--why would you short Bear Stearns after they had just bought $300 million worth of Timberwolf from you?"
"The tone set by that, if I worked for Goldman Sachs, I would be real worried that somebody has made a decision that he is going to be a whipping boy."
"No institution should be too big to fail or have to burden the public with the cost of its failure or being saved."
"$700 billion got allocated of taxpayer money to solve systemic risk problems, of which you were the beneficiary both directly and indirectly of a portion of that."
"I cannot believe that when you execute a strategy to take advantage of greater knowledge within your firm to increase the return for your firm that you can at the same time sit there and tell you are ..."
"There has never been a position change like what took place in the last 4 years in this country in the mortgage markets."
"Do you think it was ethical for Goldman to release all the personal emails of Mr. Tourre?"
"We care very much about ethics at Goldman Sachs and we don't believe in any way, shape, or form that our compensation is not consistent with people having good ethical standards."
"Understand. I have no criticism for that and I am not making any judgment on it."
"That is what it says."
"I am not saying there is anything wrong with the strategy. I did not say that."
"It is smart, if you see a market tanking, to get out of the market."
