Detailed text transcripts for TV channel - CNN - 20100427:16

Detailed text transcripts for TV channel - CNN - 20100427:16:11:00

something i, as an investor, should buy, do you have an obligation to tell me that you, as goldman sachs, are banking against it? isn't that the heart of the question? >> yes. and he's also talking about a portfolio of new century mortgages, a subprime lender that eventually went out of business and was one of the first ones to go bankrupt. you heard a lot of questions as well, didn't you guys know what these mortgages were made out of? didn't you know what was being packaged and packaged and packaged and then you were writing other insurance? didn't you know what was at the core of this? >> yeah, yeah, yeah. >> no, you're absolutely right. and i think that we're going to see throughout the afternoon more specific deals like this that they're going to be analyzing and trying to take to take apart. >> christine, i want mr. sparks to answer that question. christine, appreciate it. all right. thank you, lady. as a senate subcommittee questions goldman sachs executives the full senate

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