carl levin
that he's got an internal email
you about the kids here
it says that
they've made a shitty deal and a new goldman sachs did
saying to their clients say look we're proud of the stuff you it's great that that's an
engagement internal emails a technicality won't be slightly slackers
uh... here
senator levin is not going to go to those language
without support put number one
six hundred million dollars temporal
securities which he sold
before
he saw
this is what your sales team which i want to each other
double your sales team was saying about timber wolf
that timber wolf was one shitty deal
and they sold at the senator daniel this email was from the head of the division
not the salesforce that whatever it was it was at the philippine internal it's an internal
goldman document
this was an email to meet and late june right
and you had a large number will action
dunno use sold timberwolves after
as well
what we did face after that yahoo okay in the trade after something on tax yeah might
be helpful
out of context let me tell you the context is mighty clear
to twenty-two is the date of this
email
that timber wolf was one shitty deal
of that shitty deal did u cell to your clients after june twenty two two thousand seven
mr chairman i i don't know what the answer to that but the price would have reflected
levels that they wanted to and that's all for the fact they don't know if if you can
tell you thought it was a shitty deal what i i didn't say that no who did
here people
internally
you knew what was a shitty deal and that's what you're andy and i nail show at africa
context
the message that i took from the email from mr mon-thurs
was that my performance on a deal
wasn't good
and i think that the fact that we have lost money
related to that was and how about the fact that you stole hundreds of millions of that
deal after your people
new it was a shady deals that bother you at all he sold the customer something i don't
recall
selling hundreds of millions of that deal
after that call right does this take a look into the one sixty six
series of emails
first of june twenty six hosts events after june twenty two
july one two thousand seven tells the salesforce the top priorities timber wolf
your top priority to sell
is that shitty deal
misguided like i was going to call the sales the good at it once trying to sell
okay you're trying to sell a shady deal
and it's your top priority
come on missus parks will miss richard goldman sachs be trying to sell them by the way it
sold it
a lot of it after that date should goldman sachs be trying to sell the shitty deal
finance at one of those lawyers know that one yes or no there are prices
in the market that people want invest in things
i didn't use that term with respect to the steel
i not sure i've ever senior senator question someone that better
that was one of my all part-time it all-time favorites
well it's not okay
and matches because of a language was hilarious
but i like how he cordoba here's your email saying i do know that what i've put together
a scrap
now let's make a dark cop priority himself at kraft
so our investors lose we win
our
and stones we wear
now remember we talked about that goes
for brief for
just uh... moment ago
here's a guy that's got charged by their cc for fraud
in january two thousand seven email he said
this more than a game but that is fab comes from you heard in his own email the fabulous
fab stagnant melodies all these complex exotic trades without necessarily understand it
all the implications of those monstrosity
later that email he brags
but he's the only one making money while everybody else loses
standing in the middle of these monstrosity
and feeding deal
while goldman wins and everybody else looses
anything that makes sense
log eleven book uh... broke that went down and they don't have a good answer for that