Page 21 - Timber Wolf News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Warning, there is there is an offensive word being quoted from an internal e-mail. 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 -- deal. they sold that. >> mr. chairman. >> june 22 is the date of this e-mail. boy, that timber wolf was one -- deal. how much of that -- deal did you sell to your clients? you didn't tell them you thought it was -- >> i didn't say that. >> no -- you knew it was a -- how about the fact that you sold hundreds of millions of that deal after your people knew it was a -- deal.

"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. >> you didn't tell them you thought it was a [ bleep ] deal. >> i didn't say that. >> no, who did? your people. you knew it was a [ bleep ] deal and that's what your e-mail showed. >> to be a fly on the wall at c-span headquarters when that was going down on live tv today, right? that was democratic senator carl levin making a point to a very, very...

The american people deserve an honest debate on this bill. we can't let another crisis like this happen again and we can't have such a short memory that we let them convince us that we don't need to change the status 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. executives testified before the senate's subcommittee on investigations. the topics, that alleged fraud as well as the broader economic meltdown that goldman and other firms helpe...

The democrats have a problem in rural america and as conservative marco rubio enters the race for a florida senate he steps into the discussion about immigration. most of what you're about to hear will make you mad or annoyed, anyway. some of it isn't 100% family friendly either like this from senator levin from michigan to goldman sachs executives he believes knowingly sold bad investments to clients and undermined financial markets in the process. >> 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 client...

Show. i done think we're going to get regulation out of this. this is an opportunity for these senators to get up there and get hot audio going and get hot under the collar to go home and make a 30-second or 60-second commercial saying senator so-and-so fighting for you against wall street. >> absolutely. >> that's how i feel about it. joan, what do you think? >> on this one i disagree with you, ed. i think we're going to get reform. i hope it's tough enough. what i see is a lot of republican senators up there posturing. susan collins asked great questions this morning, she was wonderful then ...