You put one side of the bet in the room with the people who are picking the product, which is, I think, bizarre.
But didn't Mr. Paulson just want to make money because he thought the market was going to tank?
The point I am trying to make is it shows that an analysis was going on on the mortgages that went into your instruments...
I am not sure that, frankly, it is a thing of value that most Americans would be comfortable that we would be backing up...
I mean, you don't think that there is a point where we make up stuff to bet on and you guys are securitizing it and tran...
It appears that we are dragging you along kicking and screaming.
It is hard for us to believe that if you all were doing the due diligence that you have stated a couple of times in your...
It feels like you guys are betting on the game you are playing in and that maybe it is not a level playing field.
I think it is plain on its face that this is a Goldman Sachs employee that has analyzed a group of mortgages that you al...
this notion that you guys are market makers and you also are sometimes taking positions outside of your just market maki...
I guess I would like to request, on behalf of the Subcommittee, that we see the analysis.
In many ways, the focus on just your firm is tremendously unfair.
Would more disclosure, in fact, harm your business model?
You have relied on that complicated situation to avoid a lot of scrutiny.
This notion of selling a product that you are betting against is hard for people to understand.
You understand that this does not make common sense, right?
I want to make a bet. I want to go short on all these really bad mortgage loans that are out there that are all going to...
I understand that there is--we are trying to hone in on why I have got so many unemployed people in my State.
