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 cr...
These are not your records. I take it back. They are ACA records.
Did you ever tell ACA Paulson would be an equity investor?
the market fundamentals in subprime and the highly leveraged nature of CDOs was going to have a very unhappy ending.
I think there are issues with the Volcker Rule.
We need to fix the real problems, not the symptoms.
Were they selling those long positions for the benefit of the customer or for the benefit of Goldman?
OK, but that is the same thing as saying they are going to buy a short position.
How is it that Goldman got 100 percent payback on this collateral dispute with AIG?
Yes, I do.
Well, whatever portion it was, in the year that it should have been paid, it wasn't.
But explain to us the difference between those two as you see it and as you lead this firm.
What was the indication for the trading--why would you short Bear Stearns after they had just bought $300 million worth ...
I cannot believe that when you execute a strategy to take advantage of greater knowledge within your firm to increase th...
