Page 3 - Security Cases News Today

As a aaa-rated piece of debt, but at the same time, they went out and bought insurance on what they thought would be the failure of this instrument. so it was that simultaneous transaction, which is what a lot of people are calling into question, and whether or not, in fact, they were betting against the ultimate buyer of this structured product. >> thats a very good description. >> complicated. >> the best ive heard. but, sunny, youre a former prosecutor, youve worked on security cases like thi...

Of people are calling into question, and whether or not, in fact, they were betting against the ultimate buyer of this structured product. >> thats a very good description. >> complicated. >> the best ive heard. but, sunny, youre a former prosecutor, youve worked on security cases like this. now these e-mails have surfaced. thats new, as joe johns pointed out, in which goldman executives essentially acknowledged betting against the real estate bubble. i mean, is that illegal? is it amoral? how d...

Schapiro. that meeting didnt go well. what happened? >> at the beginning and then i got into it with her general counsel. he and i went at it and looked like he would come across the coffee table and strangle me. >> neil: what happened? i thought the reason there was agid there is everyone touting to the enforcement division and maybe that caused ruffled feathers. you would think they would welcome your advice. >> and they did. she took my advice about a blis whistle blower program and said were...

Cohens new attorney has a lot of experience in security cases and won some big cases the last year. in that area and let me signal cohens focus on economic type crime. i may have some issues there. i am here to tell the world that all this russia traders stuff and collusion, i am not apart of that. maybe i am on the bad businessman or on the hook of some of that. all the russia stuff is some where else. thats not me and what i am involved in. >> when you talk to a lot of people, they talk about ...

So it was that simultaneous transaction, which is what a lot of people are calling into question, and whether or not, in fact, they were betting against the ultimate buyer of this structured product. >> thats a very good description. >> complicated. >> the best ive heard. but, sunny, youre a former prosecutor, youve worked on security cases like this. now these e-mails have surfaced. thats new, as joe johns pointed out, in which goldman executives essentially acknowledged betting against the rea...