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Quickly. this is good police work. necessary police work. but they re acting very quickly. i thought it was really interesting. the president did not give many details but he said this heavy and dangerous operation was designed to neutralize the cell. these are the words he used, that was connected to and in contact with the barbarians who committed those acts on friday night. fabrice, you re saying these are the powers that the police have needed here, that they have not had. exactly. we knew those attacks could occur, massive attack. and we got very strong signal from the agency, from the french authorities, military authorities and police authorities to reinforce our capability to detect those guys and also to strike. we have the demonstration, we have now no choice anymore. we have our backs to the wall. ....
Goldman sachs executives. the last one will be just ceo of goldman sachs, lloyd blanken fine. the questions will be, what role, if any, did you all have in the collapse of the financial system, the financial meltdown? i don t know what kind of answers we are going to get from senior goldman sachs executives, includes the only one person named in that charge. that s a separate issue, by wait. these committee hearings have been going on for a long time but fabrice tour, the 31-year-old vice president who said e-mails that the world was going to collapse and fabulous fab is going to be the only one standing. they are going to use goldman sachs as a case study to determine the role of investment banks in the financial meltdown. did they bet against the mortgages getting paid? if they did, did they have any impact on creating this crisis? ....
Lynch, umbrellas, deutsche bank, jpmorgan, this is a huge business model in the country, this type of rampant speculation on whether you can pay your bills. why is that part of our system, which is really where we re headed in these types of hearings and this type of trial. let s talk about fabulous fab, a colorful figure. i think fabrice at this point is more likely to come out as good as he is bad in this in the sense that i don t think anybody believes fabrice alone could conjure the security he s on trial for today. the one individual name. that he s the guy. it sounds like he s got a nice ego and fun e-mails. i think fabrice a london-based bond trader. i think he has an opportunity to say, are you people crazy? i didn t do this by myself, and it was legal. that s what the real thing here is. goldman sachs and john paulson, with this security may have been ....
Again, we re just listening to fabrice tourre, the trader at goldman, he s offering a wide ranging explanation of some of the things he s accused of, goldman sachs charged with fraud by the s.e.c. fabrice is the only individual. he s gotten a lot of attention because in the e-mail he referred to himself as the fabulous, with many following that story line as an example of some of the behavior and how people on wall street see themselves. let s bring in russell here with us what do you make of what we re seeing so far. obviously we re expecting more heat here but the original words of mr. tourre, this young trader in the middle of this. from his perspective he s not disingenuous at all. these are big boy investors, giant institutions. he s saying they should have known better. what s he accused of? break it down in better terms? he s accused of not telling his clients paulson & company, ....
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