12/01/2009
https://www.congress.gov...
"None of that seems like even-steven. None of that seems like you are an honest bookie who is trying to manage risk on both sides."
"There is nothing in a synthetic CDO that is essential to certainty to anybody's business other than somebody just deciding they want to take one side of a deal and the other side of a deal."
"I wish we had done more to get there."
"You put one side of the bet in the room with the people who are picking the product, which is, I think, bizarre."