Didn't you make a decision in December 2006 to basically head in a different direction? You were much too long and you wanted to go short. Is that not true?
We are going to pass a bill before we find everything, and that is somewhat concerning to me.
Half of those items in the portfolio were suggestions that came from Paulson. Is that correct?
I would have hoped you would have said you were appalled as your first reaction.
Your clients' interests always come first, and they don't.
Do you think they know that you think something is a piece of crap when you sell it to them and then bet against it?
And where you take a short position, do you think that should be disclosed? Where you are betting against that same secu...
My problem comes particularly where you are selling a security to someone... and at the same time, you are betting again...
We have to do a better job of striking the balance between what an informed client believes is important to his or her i...
What do you think about selling securities which your own people think are crap? Does that bother you?
This is much more than a market maker. You are keeping a proprietary interest in a position that is exactly the opposite...