pinata. you ll be able to hear a pin drop at the new york stock exchange when he s talking because chairman carl levin has all sorts of stuff they want to beat goldman up about. listen to this. the evidence shows that goldman-sachs helped build and operate that conveyor belt that fed toxic mortgages and mortgage securities into the financial system. then made large bets against the market that it helped create, taking the big short and reaping the profits from it and in doing so, it sold to its clients products that it clearly no longer believed in. when he says the big short, what that means is they were betting against the mortgage market. right. the name of the number one book in country. they knew that the allegation is they knew it was going to fail and they bet against it knowing that. here s what goldman said in reaction to senator levin. we respectfully disagree with chairman levin s statements.
we did not have a big bet against the housing market as our performance in residential markets demonstrates and we believe at all times we worked appropriately with our clients. how many times did a lawyer go over that statement? how many times has he sat down with a lawyer in the last few days to determine how he ll answer questions today. not only will blankfein be there today, so will fabulous fab. the french guy that came flava flave, too. reality show. big watch around his neck. they say six goldman executives including the guy we re referring to is this guy who refers to himself in the third person and he said fabulous fav has figured a way to put together a fund that allowed people to buy into the fund therefore creating more wealth for those who shorted the housing market. and he said only the fabulous fab can pull that out. this kind of scary thing about this is and it goes to show you how deep the dodo is that goldman is in on this. they released to the committee