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I think it would be very difficult to reinstate Glass-Steagall.

So there wasn't a negotiation between the Treasury and Goldman on the AIG collateral?

Of the securities that were kicked out of the Abacus deal, do you have any knowledge anywhere that anybody in Goldman created a short position on those securities that were kicked out?

These are not your records. I take it back. They are ACA records.

Did you ever tell ACA Paulson would be an equity investor?

the market fundamentals in subprime and the highly leveraged nature of CDOs was going to have a very unhappy ending.

I think there are issues with the Volcker Rule.

We need to fix the real problems, not the symptoms.

Were they selling those long positions for the benefit of the customer or for the benefit of Goldman?

OK, but that is the same thing as saying they are going to buy a short position.

How is it that Goldman got 100 percent payback on this collateral dispute with AIG?

Well, whatever portion it was, in the year that it should have been paid, it wasn't.

But explain to us the difference between those two as you see it and as you lead this firm.

I cannot believe that when you execute a strategy to take advantage of greater knowledge within your firm to increase the return for your firm that you can at the same time sit there and tell you are not taking advantage of the knowledge…

In announcing the termination, Secretary Gates questioned the need for a single service, single purpose program.

The National Rifle Association supports S. 1241, which would amend PL 106206 by creating a separate permit and fee structure for small film crews using federal lands under the jurisdiction of the Departments of Agriculture and Interior.