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goldman of fraud. a financial legal peckser talked with sanjay gupta last night on "ac 360." >> the real crux of the problem is they went out and sold the specific instrument precisely the way one person wanted it created, and not only did they go out selling something that was sold 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. >> and that's a very good description. one of the best i've heard. >> complicated. >> sunny, you're a former prosecutor and you've worked on security cases like this. now the e-mails have surfaced and as joe johns pointed out, in which executives acknowledged betting against the real estate