Today Gail Kreitman, the articulate and poised former Goldman Sachs saleswoman, took the stand. Her testimony took most of the day and she was pretty unflappable during cross examination. Tomorrow ACA rep Laura Schwartz is slated to take the stand, then on Wednesday star witness and defendant Fabrice Tourre will be called by the SEC.
Bob Vanvoris story from Bloomberg Bloomberg Bob Vanvoris story link
Today Gail Kreitman a former saleswoman at Goldman Sachs testified about her understanding of Paulson's role in the deal at issue. She was very engaged with the jury at the beginning of her testimony telling them about her humble beginnings and her family background. She continues her testimony on Monday.
from the Wall Street Journal
“As part of her testimony, the SEC is expected to play a tape recorded by ACA’s phone system in which Ms. Kreitman reportedly says that Paulson was taking a “hundred percent of the equity” in the deal, implying it was betting the instrument’s value would rise, not fall.”
That tape was played and below is a pic of the transcript with Tourre and his defense team,
who were clearly not happy about the tape ending the week's testimony.