subprime market, we need to be sure somewhere else we are not exposed so they can get closer to home. the question is did goldman profit from the collapse? did it somehow in the things that it was making and selling to clients exacerbate the collapse? what exactly is goldman s position here? that s what the hearing tomorrow is trying to get to the bottom of. is the fabulous fab going to be part of that hearing? oh, yeah. the mother-in-l the moral of the story is he will always be fabulous fab. he s the vice president who said the only survivor of the subprime crisis in an e-mail that the s.e.c. it will be me, fabulous fab standing above the monstrosities i helped create. we ll hear from him. and send the e-mail back to our friends at goldman sachs. thanks for sending it along. the e-mails are the e-mails. i know we are talking about the e-mails in the middle of thousands of documents here, but
amount to selling a security and then betting on that security to fail. and misleading clients. of course, goldman sachs says it did not do anything wrong. it followed appropriate practices, but would in fact agree that maybe it needed to be a little clearer about some the things it has done. that sort of sets the outline. but one of the things that makes this all interesting is when you get to look at e-mail from inside the company talking about some of the things that might get them into trouble and there s one particular former employee who is being talked about, actually, i believe he s still currently there, fabrice tourre heads a london office. there were e-mails that the committee uncovered that dealt with some of his communication, personal stuff he wrote but on company e-mail. it goes like this. remember his first name is fabrice. when he refers to himself as the fabulous fab standing in the middle of all these complex highly leveraged exotic trades he created without necessar