You did not disclose to ACA that Paulson was on the short side of this deal. Is that correct?
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.
I am just calling it in an inhuman context.
You don't think there is any moral obligation here? Put aside the legal obligation.
The only reason you lost money on the ACA deal was because you ended up with a piece of the long on that----
There is a necessity that we take some regulatory steps in the conflict of interest area.
You may not think a half-a-billion dollars is a lot, but the fact that you were able to get through 2007, when the bubble burst, was because...
I don't think that is the vision that most Americans have of how this Nation and its economy should function.
That was taxpayers' money, Mr. Blankfein.
But the facts still are that you got $2.5 billion of taxpayers' money on a private deal.