I do have a problem with taking a short position on a security that you are selling to your customer.
Well, all year, they were over your permanent limit. They were hugely over it.
This is much more than a market maker. You are keeping a proprietary interest in a position that is exactly the opposite...
What do you think about selling securities which your own people think are crap? Does that bother you?
We have to do a better job of striking the balance between what an informed client believes is important to his or her i...
My problem comes particularly where you are selling a security to someone... and at the same time, you are betting again...
And where you take a short position, do you think that should be disclosed? Where you are betting against that same secu...
Do you think they know that you think something is a piece of crap when you sell it to them and then bet against it?
Your clients' interests always come first, and they don't.
I would have hoped you would have said you were appalled as your first reaction.
Half of those items in the portfolio were suggestions that came from Paulson. Is that correct?
We are going to pass a bill before we find everything, and that is somewhat concerning to me.
Didn't you make a decision in December 2006 to basically head in a different direction? You were much too long and you w...
This week the Senate is trying to consider major financial reform legislation that could have profound effects on our ec...
This is net short. This is all synthetics across the Mortgage Department, is that correct?
I am not asking you now about the net. I am asking you about your short positions. You had a significant short position,...
Most honest observers would acknowledge that the roads of responsibilities lead to places like Washington and Congress a...
Should Goldman Sachs be trying to sell a shi**y deal?
