Meltdown Potential News Today : Breaking News, Live Updates & Top Stories | Vimarsana

It. so what should he do, whether it's a republican coming after him or a democrat coming after him about that? >> look, the pieces of paper out there, some of them are more fair than others and i think fact check on "washington post" did a really good job of going through that recent dnc attack on romney as a flip flopper. nevertheless, he has evolved and he admitted it on positions that he's taken on life, other stuff on assault weapons ban and things like that. but he has to move the conversation quickly, bill, to the nation in crisis, the nation is rudderless today in a president-elect oba...

It. so what should he do, whether it's a republican coming after him or a democrat coming after him about that? >> look, the pieces of paper out there, some of them are more fair than others and i think fact check on "washington post" did a really good job of going through that recent dnc attack on romney as a flip flopper. nevertheless, he has evolved and he admitted it on positions that he's taken on life, other stuff on assault weapons ban and things like that. but he has to move the conversation quickly, bill, to the nation in crisis, the nation is rudderless today in a president-elect oba...

>> $16 billion. >> $16 billion with a "b"? >> right. at some point, above 50% of var, value add risks. >> their entire firm was at risk because they wanted to get rid of the stuff and they were willing to dump it? >> it's important to remember, goldman in its own internal memo was describing this position as a big short. when blankfein says we did not have a massive short bet, i don't know how that could be true. >> what did they tell people buying the stuff? >> they said they implicitly endorsed it. they said, in fact, one of the clients stated they told him we expect you're going to earn 50%...

It. so what should he do, whether it's a republican coming after him or a democrat coming after him about that? >> look, the pieces of paper out there, some of them are more fair than others and i think fact check on "washington post" did a really good job of going through that recent dnc attack on romney as a flip flopper. nevertheless, he has evolved and he admitted it on positions that he's taken on life, other stuff on assault weapons ban and things like that. but he has to move the conversation quickly, bill, to the nation in crisis, the nation is rudderless today in a president-elect oba...