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CAGAYAN DE ORO CITY: Cagayan de Oro City Mayor Rolando Uy on Thursday exhorted more than 4,000 city government workers and stakeholders to support his incumbency to attain sustainable progress and development.The city executive issued the statement in a speech highlighting his first State of the City address (SOCA) as Cagayan de Oro City marked its 73rd Charter Day Anniversary here Thursday.Uy delivered the SOCA to coincide with the inaugural opening of the citys 10,500 square-meter convention c...

20 big banks of the world would have have lost $40 to 50 billion. those who bought that had balance sheets of 20 trillion so youre talking about a 1% hip. could have happened. barclays and jpmorgan and bank of america the rest of them. the first point. aig was not a contagion. goldman and jp, repo and commercial paper, they could have gone down and reorganized the pieces and parts and talent at came out of there would have lived for another day to put out a shingle. >> let the market do what the...

>> naomi, you were managing director at goldman sachs. did you ever for a client, manufacture a deliberately-exploding bond, the way that goldman sachs is accused of manufacturing one for john paulson, where basically john paulson, the hedge fund manager, got to design which pieces of the car he would remove? goldman sachs, as the car dealer, went out and sold it and then paulson and goldman together bet against the future of this automobile. were you involved in this sort of thing? >> i did do ...

It wasnt like the management selection process wasnt part of the deal. it was all there in the marketing documentation. he just wasnt in the marketing documentation. and that was a huge, huge omission. and its not just in that deal. i am sure you know, as you mentioned before, that theres an investigation, which has taken three years. but theres further investigation into the largest cdos, with the largest equity participants and the largest hedge fund buyers, and the largest pension buyers and ...