I think there is a clear conflict of interest when that happens.
Thank you so much, Senator Collins.
Goldman is selling Anderson securities to clients, but it is betting against that CDO.
Should you have told that client--when they asked how are you getting comfortable with this, should you have told them you were going short ...
Don't you also have a duty to disclose an adverse interest to your client? Do you have that duty?
You also took out a short position. Do you know how much you made?
So they thought you are on the long side, but not told you are on the short side of the same deal...
You did not tell them you thought it was a shi**y deal?
Clearly, this system must be reformed so that Wall Street banks are not seen and do not act as unscrupulous operators who seek to profit fro...
You participated in the deal as one of the protection buyers.
Did you not have a responsibility to answer a direct question, how can you get comfortable with these products from that source by saying we...