LIESMAN: MARK THANKS VERY MUCH. WE'VE BEEN TOLD, MARK, BY A SOURCE FAMILIAR WITH THE INVESTIGATION THAT PAOLO PELLEGRINI, THE HEDGE FUND MANAGER THAT WORKED FOR PAULSON AS HIS RIGHT HAND MAN, WAS THE SOURCE FOR THE SEC OF THE CONFIRMATION TO THE SEC IN THE GOLDMAN SACHS FRAUD CASE HERE. WE WERE TOLD THAT PELLEGRINI TOLD THEM OF PAULSONS INVOLVEMENT IN THE SELECTION OF THE SECURITIES THESE APPARENTLY VERY LOUSY SUBPRIME SECURITIES THAT WENT INTO THE CDO. PELLEGRINI WORKED FOR PAULSON FOR SEVERAL YEARS AND LEFT IN EARLY 2009 HAVING MADE A BUNDLE OF MONEY FOR PAULSON AND THEN OPENED UP HIS OWN HEDGE FUND SO MARK THAT'S WHAT WERE TOLD THAT PAOLO PELLEGRINI IN A DEPOSITION WAS THE SOURCE. AND ONCE AGAIN, I WANT TO GET TO WHAT MELISSA WAS SAYING, THERE'S NO ALLEGATION FROM WHAT I UNDERSTAND THAT PAULSON DID ANYTHING WRONG HERE. THIS IS AN ISSUE OF DISCLOSURE ON THE PART OF GOLDMAN AND I BELIEVE THAT THAT'S WHY PELLEGRINI WAS COMFORTABLE TO COOPERATE WITH THE SEC AND WE DID TALK TO AN INDIVIDUAL WHO SAW THAT DEPOSITION
CNBC is the recognized world leader in business news, providing real-time financial market coverage and business information to more than 340 million homes worldwide, including more than 95 million households in the United States and Canada. The network's Business Day programming (weekdays from 5:00 a.m.-7:00 p.m. ET) is produced at CNBC's headquarters in Englewood Cliffs, N.J., and also includes reports from CNBC news bureaus worldwide. Additionally, CNBC viewers can manage their individual investment portfolios and gain additional in-depth information from on-air reports by accessing http://www.cnbc.com.
Members of the media can receive more information about CNBC and its programming on the NBC Universal Media Village Web site at http://nbcumv.com/cnbc/.