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CAGAYAN DE ORO CITY: Cagayan de Oro City Mayor Rolando Uy on Thursday exhorted more than 4,000 city government workers and stakeholders to support his incumbency to attain sustainable progress and development.The city executive issued the statement in a speech highlighting his first State of the City address (SOCA) as Cagayan de Oro City marked its 73rd Charter Day Anniversary here Thursday.Uy delivered the SOCA to coincide with the inaugural opening of the city's 10,500 square-meter convention center in the hinterland village of Taguanao here.In his first SOCA, Uy reported the city's gradual ...

20 big banks of the world would have have lost $40 to 50 billion. those who bought that had balance sheets of 20 trillion so you're talking about a 1% hip. could have happened. barclays and jpmorgan and bank of america the rest of them. the first point. aig was not a contagion. goldman and jp, repo and commercial paper, they could have gone down and reorganized the pieces and parts and talent at came out of there would have lived for another day to put out a shingle. >> let the market do what the market has done for 200 years. >> the third thing i think is important no payroll would have been ...

>> naomi, you were managing director at goldman sachs. did you ever for a client, manufacture a deliberately-exploding bond, the way that goldman sachs is accused of manufacturing one for john paulson, where basically john paulson, the hedge fund manager, got to design which pieces of the car he would remove? goldman sachs, as the car dealer, went out and sold it and then paulson and goldman together bet against the future of this automobile. were you involved in this sort of thing? >> i did do research on the initial sites of cdo's, i am guilty on that. i think the level of deception and alle...

It wasn't like the management selection process wasn't part of the deal. it was all there in the marketing documentation. he just wasn't in the marketing documentation. and that was a huge, huge omission. and it's not just in that deal. i am sure you know, as you mentioned before, that there's an investigation, which has taken three years. but there's further investigation into the largest cdo's, with the largest equity participants and the largest hedge fund buyers, and the largest pension buyers and everything else. that we're going to see a whole slew of all the frauds that come into play. ...