Do you see where the second paragraph says, 'At the end of the meeting, the Paulson team'--this is you speaking--'told u...
And your own person said they are too smart to buy this kind of junk.
You guys were profitable, and you were profitable because you had invested heavily in shorts.
That total is consistently below zero, home, throughout the whole year.
So you would agree that you were in a net short position for most of the year? Would you agree to that?
You are trying to shift the risk of that junk to somebody else.
You knew Paulson was on the short side of the trade. Is that correct?
You think, hey, give the less flexible folks to our customers. We will save the more flexible for ourselves.
Did Mr. Paulson or Paulson & Company come in wanting to go short?
during most of 2007, we maintained a net short sub-prime position and therefore stood to benefit from declining prices i...
You ought to have plenty of regrets. I do not think that you are willing to acknowledge them, but you ought to have them...
Your salesperson believed it was junk.
They think you are fiduciaries, and then...
Do you think that a customer has a right to believe that you want that security to succeed?
It could have been more accurate.
The percentage of contribution to the firm-wide VaR was shown in that exhibit at 53.8 percent for mortgage structured pr...
We are going to stand adjourned for 10 minutes because we have a vote on.
I think it is a very clear conflict of interest and I think we have got to deal with it.
