FABULOUS FAB TRIAL Day 6 Gail Kreitman on stand continued

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

Gail Kreitman, former Goldman Sachs saleswoman 

FABULOUS FAB TRIAL Day 5 Gail Kreitman former Goldman Sachs employee

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.

More about today's testimony from 

Bob Vanvoris @ Bloomberg:

Bloomberg Bob Vanvoris story link

Gail Kreitman former Goldman Sachs saleswoman on the stand

Fabrice Tourre with defense team with transcript of  Gail Kreitman call 

" FABULOUS FAB" TOURRE TRIAL OPENS

Today in Manhattan Federal Court, the trial of former Goldman Sachs trader Fabrice Tourre opened to a packed courtroom. The trial is a civil trial,  the SEC v Tourre and is expected to last 3 weeks.
Judge Kathleen Forrest presided over jury selection, opening statements and the first witness, Dr Dwight Jaffee.  He tried to explain the complex financial instruments that are all part of this trial, CDOs etc. to the jury who had no background in the investment banking world.
Tourre is a slight little fellow with a distinctive profile. He is expected to take the stand; the SEC will  call him. John Paulson who made a billion dollars off the deal in question will also take the stand, but for the defense.
Below is an opening shot, Tourre and the SEC's opening slide, one of six illustrations drawn yesterday.
Also on this case, as in many high profile cases, we were not allowed to draw the jurors' faces. 9 jurors were chosen because it was a civil case. The jury is made up of a wide variety of people, including a woman who is an Episcopal priest.

Fabrice Tourre seated at the defense table with his legal team by Elizabeth Williams

Story by Wall Street Journal reporter Chad Bray
WSJ Chad Bray story link

Jury selection at the Tourre trial, jurors seated in the courtroom,
standing room only for the press and spectators

Tourre Jury story by Bob Vanvoris, of Bloomberg
Bloomberg Bob Vanvoris story link