That is why we have got to do some regulation and reregulation.
I happen to be one that believes in a free market. But if it is going to be truly free, it cannot be designed for just a...
It must be free of deception. It has got to be free of conflicts of interest. It needs a cop on the beat and it has got ...
You told the Board that you reversed the long market position.
Everything is local.
You are telling us that you don't know that AAA ratings are important to investors?
I know the because, but you put a huge amount of value at risk to go short in that market.
That was the profit they made.
OK. Well, this is a letter that Goldman Sachs sent to the Securities and Exchange Commission on November 7.
If it is not unmanageable for you, it is kind of disgraceful from the taxpayers' point of view that you end up with taxp...
The U.S. Government decided not to allow AIG to default.
But you were paid a whole bunch of money by the Federal Government.
These credit default swaps that you engaged in, these synthetics, in my judgment and I think most people's judgment, do ...
The bubble burst in 2007. We are looking at the causes of that bubble bursting.
You shut down all residential mortgage warehouses.
You don't acknowledge it is big time. You said it was, what, a small net short.
You intended to keep short positions in all kinds of transactions we went into today.
You shorted synthetics.
