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Happened to the economy at the hands of wall street's gamblers. senator levin was questioning the former head of goldman's mortgage department and another warning, there is there is an offensive word being quoted from an internal e-mail. it is repeated when within several times of the portion of this hearing. we are not bleeping it out. we are not bleeping it out. >> before you sold them, this is what your sales team were telling to each other. boy, that timber wolf was one shitty deal. they sold that. >> mr. chairman. >> let me tell you the context is mighty clear. june 22 is the date of this...

Quo on wall street. >> the vast disconnect between wall street and regular people best exemplified by today's hearing. 11 days after the securities and exchange commission accused goldman sachs of fraud. in a billion dollar civil lawsuit, executives testified before the senate subcommittee on ininvestigations. the topics, that alleged fraud as well as the broader economic meltdown that goldman and other firms helped to create. senator carl levin, the committee chairman, focused on goldman's obligation to disclose to clients that it was betting against the same investments it was trying to sell...

Today in washington, d.c., there was lots and lots of swearing. it was not random swearing. i don't think it was swearing in anger. it makes sense why there was swearing, but still, a ton of swearing. did you see this? >> look what your sales team was saying about timber wolf. boy, that timber wolf was one [ bleep ] deal. >> this was from the head of the division not the sales force. >> it's an internal goldman document. >> this was an e-mail to me in late june. >> right after timber wolf -- no, no, you sold timber wolf after as well. >> we did trades after that. >> okay, and the trades after ...

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. >> of course, but they don't know -- you didn't tell them it was a [ bleep ] deal. >> no. >> your people did internally. that's what your e-mail shows. >> how did trader fabrice tourre fa fare, the fabulous fab? >> how did it make you feel when they were released publicly? >> you know, as i will, you know, repeat again, dr. coburn, i regret t...

A florida tea partier and lindsay graham even acknowledges reality. >> good people are so afraid of an out of control border that they had to resort to a law that i think is unconstitutional. >> reaction from arizona congressman grialva and gene robinson asks what about individual freedom? fire storm at the goldman sachs hearing in the senate. >> look what your sales team was saying about timberwolf. boy, that timber wolf was one [ bleep ] deal. >> the amazing quotes and we will not bleep them again. our special guest, senator ted coffman of delaware. there is no racism on the right. yes, ...