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Somewhere on the net --------------------------- Senator: Did you know the Pinto was a sh--ty car? GS: I'm not sure what you mean. Senator: When you sold this sh--ty car to ACA, did you have a duty to tell them it was sh--ty? GS: ACA is a major car dealership and had access to...

Just take a stab at this. Yes, they wrote mortgages to anyone who could breath, for the purpose of securitization this was only one part because it was the asset (the home) that had the value, also. I think the models that backed up the ratings was the history of homes losing value as...

Thanks. I used to have a problem with trading but then I lost all my money.

BSC and LEH both owned retail mortgage cos, I don't think GS did. Why'd the SEC miss the fraud on them? I suppose the shit hadn't hit the fan. For that matter, suppose this is the tailend of the crisis and it's only now the SEC discovers fraud. Par for the course.

McCain asked Blankfein loaded questions, the answers were an opening for Blankfein to cite philanthropic & positive GS points.

2.Ameriquest Mortgage Co./ACC Capital Holdings Corp. Amount of Subprime Loans: At least $80.6 billion -------------------- Speaking of Ameriquest, I could very well be one of the very last loans they originated, I think they closed up shop a week later. whew that was close.

It's not bs, this is their world and Congress is from Mars. Neither of them speak the same language, who would you like to educate?

Do you hear Levins comment regarding The Office of Thrift Supervision pffffttttt. something like it's a useless agency. lol

There was a senate hearing where this had happened, forgot what it was but, the witness questioned Congress about fan or fred and the Congressman basically said, I'm not the one being investigated here and I'll ask the questions. That is the way it is, you cannot question these guys like a sign...

Bingo. I was an idiot. It gets worse but (sigh) we won't go there.:D

Now YOU know just about everything ! ----------------------- Know why a pencil is yellow? best lead/graphite came from China, this was a way for people to know the pencils had lead from China. Yellow, get it? don't think the pc crowd would be too happy, course the Chinese homeys...

How about: No stock to borrow, broker calls me up and suggests I go long. I buy x shares which he can now lend or short for his "other" client.

woo hoo "Hindsight" ------------- > 1/2 shot

Missed a big one here guys. The "firm"---------- 1 shot.:D :D

Ya think the "clients" were buying with borrowed money? The whole friggin mess was monetary policy not a lack of regulation. What changed in the last ten thousand years regarding borrows ability to repay? Nothing.

until such time that the people of America genuinely put life first... -------------------------- The homeless/mentally ill have a constitutional right to decay on the sidewalk. Do you suppose if we valued life, there would be mandatory treatment? Umnnn sorry, don't work that way.

Credit default swaps insuring the bank's debt against potential default widened to about 180 basis points from 167 basis points late Monday. Blankfein; "I'm foiking losen money while we speek" (Brooklyn accent) Drinks on the house

....e-mail has replaced the memo and to a great extent even the telephone for business communications. That means e-mail is the communication medium of record. If federal authorities, like the SEC and the FDA, want to monitor or be able to audit communications, they're going to be looking at...

I thought one method was to buy options.

Some say the bad trade was Elliot vs Greenberg.