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The allegations are contained in the 639-page report on the larger crisis in goldman's role in it. according to the report, investigators found evidence that goldman's sales people were peddling securities to clients based on shaky mortgages, mortgages they knew were shaky. at the same time traders were betting those securities would blow up. last april, senator levin asked the mortgage head about one called timber wolf. take a look. >> june 22 is the date of this e-mail. "boy, that timber wolf was one [ bleep ] deal." how much of that [ bleep ] deal did you sell to your clients after june 22,...
That those securities would blow up, basically a scam. last april, senator levin asked the mortgage head about one called timber wolf. that goldman insiders were e-mailing about. take a look. >> june 22 is the date of this e-mail. "boy, that timber wolf was one [ bleep ] deal." how much of that [ bleep ] deal did you sell to your clients after june 22, 2007? >> mr. chairman, i don't know the answer to that, but the price would have reflected levels that they wanted to invest -- >> oh, of course. but you didn't tell them you thought it was a [ bleep ] deal. >> i didn't say that. >> no? who did?...
At the same time traders were betting the firm's own money that those securities would blow up, basically a scam. last april, senator levin asked the mortgage head about one called timber wolf. that goldman insiders were e-mailing about. take a look. >> june 22 is the date of this e-mail. "boy, that timber wolf was one [ bleep ] deal." how much of that [ bleep ] deal did you sell to your clients after june 22, 2007? >> mr. chairman, i don't know the answer to that, but the price would have reflected levels that they wanted to invest -- >> oh, of course. but you didn't tell them you thought it ...
The 639-page report on the larger crisis in goldman's role in it. according to the report, investigators found evidence that goldman's sales people were peddling securities to clients based on shaky mortgages, mortgages they knew were shaky. at the same time traders were betting those securities would blow up. last april, senator levin asked the mortgage head about one called timber wolf. take a look. >> june 22 is the date of this e-mail. "boy, that timber wolf was one [ bleep ] deal." how much of that [ bleep ] deal did you sell to your clients after june 22, 2007? >> mr. chairman, i don't k...