"The Deutsche Bank deal was approved by Metro's board of directors, all Goldman employees, that explicitly called for Deutsche Bank to cancel warrants for 100,000 tons of aluminum 'as soon as possible.'"
"The effect of this arrangement was that the queue was lengthened. Is that correct?"
"So basically it was a joint decision to go ahead with this program and these incentives, is that correct?"
"These deals were so important that they were taken to Metro's board of directors for approval."
"It is a 2-year wait. That is the answer."
"If they chose to live up to a contract, do not most people you deal with honorably live up to their contract?"
"So it was a joint decision to go ahead."
"Did the amount of the incentives dramatically increase?"
"The merry-go-round deals required Metro to organize and pay for thousands of truck shipments between its own warehouses."
"But you moved it to another warehouse, sometimes 200 feet across, and the result of that was it stays in your warehouse but it also lengthens the queue."
"You could have given them a discount and left it in the warehouse."