Detailed text transcripts for TV channel - CNN - 20100502:17:08:00
Accumulated, in 2008 for example, we lost a billion seven on residential securities because even though some of these securities had gone down in value and the crisis we thought had run its course and we were prepared for a rebound, we were wrong. but there's no doubt that there was -- in getting back to your question, that there were observations made by certain people. look, 20 million pieces of paper were taken from goldman sacks where people were making observations at the time that we didn't like this security or this one was weak, but other people thought it. and again with the tweinvest...
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