04/22/2010
https://www.congress.gov...
"The Deutsche Bank deal was approved by Metro's board of directors, all Goldman employees, that explicitly called for Deutsche Bank to cancel warrants for 100,000 tons of aluminum 'as soon as possible...."
"If you can say there is no correlation between premium and the length of the queue, then you are in a very different mathematical world than most of the mathematicians that look at this."
"But you moved it to another warehouse, sometimes 200 feet across, and the result of that was it stays in your warehouse but it also lengthens the queue."
"That would be a $6.5 million penalty for 100,000 tons of aluminum."