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.
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...
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.
OK, but the point is the desk was no longer buying subprime, and you knew that.
One of the desks that would buy subprime mortgages, correct?
What is the purpose of that disclaimer?
I think it would be very difficult to reinstate Glass-Steagall.
So there wasn't a negotiation between the Treasury and Goldman on the AIG collateral?
Of the securities that were kicked out of the Abacus deal, do you have any knowledge anywhere that anybody in Goldman created a short positi...
These are not your records. I take it back. They are ACA records.
Did you ever tell ACA Paulson would be an equity investor?
