02/25/2014
https://www.congress.gov...
"during most of 2007, we maintained a net short sub-prime position and therefore stood to benefit from declining prices in the mortgage market"
"business has taken proactive steps to position the firm strategically in the ensuing mortgage credit and liquidity crisis."
"That seems to me to be misleading, as well."
"You ought to have plenty of regrets. I do not think that you are willing to acknowledge them, but you ought to have them."