Detailed text transcripts for TV channel - MSNBC - 20100420:20:09:00
>> this is certainly not an isolated example, dylan. i mean i think that some of these securities that were underwritten by all the firms that you mentioned, might be different in little nuanced ways. but what we're talking about is, yes, a really overarching effort to figure out a way to short the mortgage market. to bet against the mortgage market. not only for their customers in some cases, like mr. paulson, who was the hedge fund manager, cited but not named in the s.e.c.'s case. but for the banks themselves, to take on big negative bets. this was how they did it. this type of security. >>...