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That it often saw its clients not as valuable customers, but as objects for its own profit. >> it's gambling. pure and simple, raw gambling. you were chasing compensation. you were chasing your colleagues and other investment banks. and you were trying to make a killing. >> these halls are full of folks who have come before senate committees and said, well, everybody was doing it. so, i don't think the everybody doing thing is going to hold up real well. >> there's not doubt their behavior was unethical and the american people will render a judgment as well as the courts. >> bipartisan. both s...

That it often saw its clients not as valuable customers, but as objects for its own profit. >> it's gambling. pure and simple, raw gambling. you were chasing compensation. you were chasing your colleagues and other investment banks. and you were trying to make a killing. >> these halls are full of folks who have come before senate committees and said, well, everybody was doing it. >> there's not doubt their behavior was unethical and the american people will render a judgment as well as the courts. >> bipartisan. both sides equally disturbed by what passes for investment banking on wall street...

That was quite a saucy stretch for a hearing. this has been colorful and interesting. >> it reminds me of the classic moment in "casablanca." >> i don't think anybody was ever in the room but paulson, were there, mr. tourre, really? let's be honest here. that was a paulson deal and you put in there as some kind of fig leaf so you could do what you're doing now. why didn't you use aca on the other deals? you know what the interesting thing is on timber wolf? you know who gray wolf is, your alum alumni. they're all goldman sachs people. if gambling, pure and simple, raw gambling. you are the boo...