charges put forward and goldman says they had a necessary loss of $1.2 million at the time and that the committee, what it s done, e-mails adding it is concerning the subcommittee seems to have reached this conclusion even before holding a hearing. we ve heard a lot about one particular goldman-sachs employee actually in charge by the sec with fraud. tell us about him. his name, fabrice tourre. they released e-mails from 2007, between tourre and his girlfriend, and i got ahold of those e-mail. got to tell you, someone paint a picture. he was a 28 trader, was showing a portfolio of investments, he writes in one, the entire system is about to crumble at any moment. the only potential survivor, the fabulous fab. one of those e-mails referring to himself as a fabulous fab. on the u.s. subprime market he wrote, according to and
we expect several more minutes for them to vote and have the results as soon as it s official. dana, don t go too far away. in midst of this political tug-of-war over financial reform, goldman-sachs faces off with senators here in washington tomorrow. they expect to be drilled about the fraud allegations against goldman-sachs, and about a bunch of internal e-mails just released ahead of this hearing. some, more of those e-mails are being made public this hour, at least. going over the documents, lisa what are we learning? reporter: fascinating stuff. the senate investigations committee just released internal documents and documents of goldman-sachs highlighted during tomorrow s hearing. senator carl levin says as the mortgage market was tanking, people closed foreclosed on, goldman made millions betting against the housing market, shorting the housing market, at the sail time goldman was still selling to its clients these mortgage products it didn t even
believe in and saying, betting, they would fail. goldman wrote, we lost money, then made more than we lost because of shorts. know exhibit a performance review of 2k3w0a goldman employ. no surprise to anyone the 2007 year is the one i m most proud of to date, extraordinary profrts. nearly $3 billion to date. senator carl levin says all of this slicing and dicing of selling toxics mortgages played a role in blowing up the financial market costing people their homes and jobs. the evidence shows that goldman repeatedly put its own interests and profits ahead of the interests of its clients. for large fees goldman helped run the conveyor belt that dumped hundreds of billions of dollars of toxic mortgages into the financial system. lisa what is goldman-sachs saying about all this? reporter: clearly denying the