You are out there selling these securities. This isn't someone walking in the door.
You made billions of dollars going short, not net.
Well, if it weren't for the big short, you would have been deeply in the red that year, wouldn't you?
Is that accurate? Did that reflect the facts at the time?
The short positions that they were taking during that year were the major contribution to that, is that correct?
And that party with the reverse inquiry is somebody who wants to sell short. Is that correct?
Did your group have a pretty good year for 2007?
You had a changing view of the market.
As we put it in the vernacular, the big short allowed you to have a year in the black, is that----
I think in those transactions in which we underwrote, I believe, and I am not looking at specific--in fact, my understan...
Do they have a belief that you, at least when you are going out peddling securities, that you want that security to succ...
You did not disclose to ACA that Paulson was on the short side of this deal. Is that correct?
business has taken proactive steps to position the firm strategically in the ensuing mortgage credit and liquidity crisi...
That seems to me to be misleading, as well.
I am just calling it in an inhuman context.
You don't think there is any moral obligation here? Put aside the legal obligation.
The only reason you lost money on the ACA deal was because you ended up with a piece of the long on that----
Wall Street is on the wrong side of this fight.
