That was the profit they made.
I know the because, but you put a huge amount of value at risk to go short in that market.
You are telling us that you don't know that AAA ratings are important to investors?
Everything is local.
You told the Board that you reversed the long market position.
It must be free of deception. It has got to be free of conflicts of interest. It needs a cop on the beat and it has got to get back on Wall ...
I happen to be one that believes in a free market. But if it is going to be truly free, it cannot be designed for just a few people to reap ...
The evidence shows that Goldman repeatedly put its own interests and profits ahead of the interests of its clients.
one of the responsibilities of an investment bank is to go out and sell deals.
He sure put his finger on WaMu.
Those toxic mortgages were scooped up by Wall Street firms that bottled them in complex financial instruments.