04/12/2010
https://www.congress.gov...
"That was a strategic positioning for the firm, is that correct?"
"You sold about $700 million in subprime residential mortgage-backed securities, helping Fremont do that."
"If you have an adverse interest to your client when you are selling something to them, do you have the responsibility to tell that client of your adverse interest?"
"It is gambling--pure and simple raw gambling."