US Congress - Goldman Sachs

Mr. Tan Kin Lian,

There is another more interesting news on the Goldman investigation. The e-mail record of Fabrice Tourre is quite telling. He is the 31-year old nicknamed "Fabulous Fab" who brokered the deal. You may read the link (http://money.cnn.com/2010/04/26/news/companies/Tourre_Goldman/index.htm)

Quote
In an even more blunt description, Tourre calls the CDOs he produced "intellectual masturbation" and likens himself to Dr. Frankenstein. "When I think that I had some input into the creation of this product (which by the way is a product of pure intellectual masturbation, the type of thing which you invent telling yourself: 'well, what if we created a 'thing', which has no purpose, which is absolutely conceptual and highly theoretical and which nobody knows how to price?") it sickens the heart to see it shot down in mid-flight...It's a little like Frankenstein turning against his own inventor ;)"
Unquote
From CASHEW NUT