03/14/2013
https://www.congress.gov...
"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."