Detailed text transcripts for TV channel - CNN - 20110415:06:19:00
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 ...