You said what your investments were in November 2006 and what your investments--this is on the long side now--of August 2007.
Did you bet big time in 2007 against the housing mortgage business, and you did.
You are not aware that your own firm argues for large AAA tranches?
You don't know whether TARP funds that went to AIG then came through to you?
You want to be trusted. I am glad you want to be trusted, but I think you can understand why there are a lot of folks who have some real dou...
So why do you end up with $2.5 billion of taxpayers' money in your pocket when we don't owe you the money?
If you think $12 billion is a small net short, the answer is, you think that is small.
It is important to note however that we are active traders of mortgage securities and loans.
You shouldn't be selling junk. You shouldn't be selling crap. You shouldn't be betting against your own customer at the same time you are se...
You increased protection on disaster scenarios.
You reduced [your] loan purchases.