Well, is that what you mean by reverse, that the person that comes in--is that what is meant by that term?
[F]remont refused to make any forward looking statements so we really got nothing from them on the crap pools...
Did you not have a responsibility to answer a direct question, how can you get comfortable with these products from that...
You participated in the deal as one of the protection buyers.
Clearly, this system must be reformed so that Wall Street banks are not seen and do not act as unscrupulous operators wh...
You did not tell them you thought it was a shi**y deal?
So they thought you are on the long side, but not told you are on the short side of the same deal...
You also took out a short position. Do you know how much you made?
Don't you also have a duty to disclose an adverse interest to your client? Do you have that duty?
Goldman is selling Anderson securities to clients, but it is betting against that CDO.
Should you have told that client--when they asked how are you getting comfortable with this, should you have told them y...
Thank you so much, Senator Collins.
I think there is a clear conflict of interest when that happens.
So you guys made $3.7 billion that year.
It was intended that Goldman not have any long stake on that piece. Is that correct?
But you ended up with $2.5 billion of taxpayers' funds.
And that group made, as I understand it, $3.7 billion on the short side, basically, right?
No, I agree totally with that.
