Market Turmoil - Updates

WEB CNBC interview about Goldman Sachs deal:

http://www.cnbc.com/id/26871327

"No. I timed this because Goldman Sachs yesterday came up with something that made sense to me. I'm not brave enough, to try and influence the Congress. The other way around, they influence me. And I am betting on the Congress doing the right thing for the American public by passing this bill and not trying to doctor it up with a hundred things that, you know, emotionally they feel should be on the bill but as a practical matter will gum things up."

On AIG:

"They had hundreds of thousands of derivative contracts and I think that top management did not have their mind around what was involved with those contracts. You can do a lot of damage in Wall Street with a pen and a paper." - WEB