"I am at least equally interested in what the cancellation does in terms of increasing the queue, which affects the premium, while Goldman is trading in transactions relating to aluminum."
"You say they had the freedom to break the contract. You entered a contract which, if they lived up to it, required them to move, sometimes a few hundred feet, their metal to another Metro warehouse."
"The effect of this arrangement was that the queue was lengthened. Is that correct?"
"It strikes me as a vast commercial industrial venture, not a banking activity."
"What we have seen very clearly is, after Goldman bought Metro, the freight incentives tripled."
"The contract you entered into required them to immediately cancel their warrants. Is that correct?"
"One of the reasons that JPMorgan wanted to get into the power plant business was to increase its access to important market information."
"Most business people do not consider that a choice."
"I do not think there is. But my question is, in any event, should there be a legal prohibition, not just a voluntary policy adopted by a company whose economic interest runs in the opposite direction ..."
"You made a deal."
"And there are two things that I find incredible about this: The first is that anyone would advertise in a resume that they know about a flaw in the system, signaling that they are ready and willing to..."