Enter your email address:
Enter the recipients' email addresses, separated by commas:
Message:
Charles Dharapak / AP Photo Crass, grandstanding senators squared off against smug and evasive bankers. Tunku Varadarajan on how Goldman Sachsâ?? sorry performance on Capitol Hill proves Wall Street is on another planet. Plus, watch the top moments from the hearing.
Piece of crap. Shitty deal. Junk.
These distinctly un-senatorial words slopped forth repeatedly from the mouth of Carl Levin on Monday evening, and anyone tuning into the Senate subcommittee hearing on financial reform could be forgiven for wondering whether this could really be C-Span, and not HBO or Showtime. Our political rituals, usually decorous and borderline-prissy, are seldom as coarse as this, and Levinâ??s performance alone (while not always enlightening) was worth the price of admission.
On the national stage was a cast from Goldman Sachs, facing an inquisition from a group of senators led by the bristling, frothing Levin. At one point in the late evening, an exchange between Levin and Lloyd Blankfein, the CEO of Goldman, was best characterized as scatology versus sophistry. The senator made liberal use of words (â??shitty,â? â??crap,â? â??crappyâ?) gleaned from internal Goldman emails that described the quality of CDOs the firm was offering for sale to investors; while the CEO bunted these fecal fastballs with a defense that was too punctiliously tailored to win favor with an American public that wants an apology in plain English.
The gulf between ordinary Americans and those who work on Wall Street will have seemed vast, and not merely in terms of the amounts of money that the latter make.
Overall, the spectacle was depressing: There were grandstanding senators, no one more so than Levin (though John McCain, too, was shockingly mediocre, a cut-price populist whoâ??d failed to do his homework on the subject); and evasive bankers who were sometimes smug, sometimes obsequious, and always unlikeable.
The two sides, for the most part, talked past each other. The senators were intent on establishing that Goldman operated with an unconscionable conflict of interest in the manner in which it conducted its CDO business. Blankfein & Co. was adamant that there was no conflict at all. Again and again the question was posed, by Levin, by McCain, by Claire McCaskill, Susan Collins, Ted Kaufman and Mark Pryor. The question took many forms, but always hit the same theme: Do you have the responsibility to a client when you have an interest adverse to that of the client? Can you sell to a customer, and then bet against him? When people buy securities from Goldman, does Goldman tell them that theyâ??re going to short those securities?
â?¢ Watch Highlights from Goldmanâ??s Testimonyâ?¢ Wall Street Shrink Doug Hirschhorn: Inside Blankfeinâ??s HeadOr, as Levin put it, â??Does the customer have the right to assume that when you put your imprimatur on [a security], you donâ??t think itâ??s junk, you donâ??t think itâ??s crap, you donâ??t think itâ??s shitty?â?
What most Americans watching would have found most distastefulâ??what most Americans watching would have found most immoralâ??was the answer they heard to all of these questions: Goldman believes that there is no conflict in play here, no obligation to disclose adverse interest to client, and certainly no right to assume that a Goldman imprimatur confers anything.
The recent SEC complaint against Goldman is that the firm defrauded purchasers of certain synthetic CDOs to whom it did not disclose that the entity that put the product together was betting that it would tank; this, the SEC, says, was â??materialâ? information, and its nondisclosure was illegal under Rule 10-b-5 of the Securities Exchange Act of 1934.
But hereâ??s what Blankfein had to say about the matter, in the course of denying that there was any duty to disclose any more information to investors than Goldman did: â??We are principals. The act of selling something means that we are the other side of what our clients want to do. They own it, we donâ??t.â?
By which he meant, of course, that having sold the productâ??by touting its virtuesâ??Goldman owed no fiduciary duties to the new owners of that product. â??In the context of market-making,â? Blankfein explained, â??that is not a conflict. We gave them the risk they wanted...The unfortunate thing is the housing market went south very quickly. But the security itself delivered the particular exposure [to risk] that the client wanted to have.â? Take that away, America, and do with it what you will.
View as Single Page 12 Back to Top April 27, 2010 | 10:04pm Facebook | Twitter | Digg | Share | Emails | print var OutbrainPermaLink=document.location.href.replace(document.location.search, '').replace(/\/\d+\/$/,'/').replace(document.location.host, 'thedailybeast.com'); var OB_Template = "The Daily Beast"; var OB_demoMode = false; var OBITm = "1255455386150"; var OB_langJS ='http://widgets.outbrain.com/lang_en.js'; if ( typeof(OB_Script)!='undefined' ) OutbrainStart(); else { var OB_Script = true; var str = ''; document.write(str); } Sen. Carl Levin, Sen. John Mccain, Cdos, Politics, Lloyd Blankfein, Goldman Sachs, Sens. Claire Mccaskill, Mark Pryor, Ted Kaufman, Susan Collins, Sec (â??) Show Replies Collapse Replies Sort Up Sort Down sort by date: mcmchugh99
I watched it with great pleasure. I've been waiting for many years to see these Wall Street bankers publicly trashed and humiliated. How the mighty have fallen. By stomping on these crooks, we are very likely doing God's will far more than Mr. Blankfein and his minions.
Flag It | Permalink | Reply | (â??) Show Replies Collapse Replies 10:16 pm, Apr 27, 2010 whipmawhopmaYes, and this clown circus will slow them down for what, a week or two? These are the real aliens that Hawking should be warning us about. They'll be back to worshiping themselves on their altars of money soon enough, enriching themselves at whatever cost the rest of us will have to pay and talking to the clowns in Congress is just a part of the cost of doing business, and business is good.
Flag It | Permalink | Reply 10:48 pm, Apr 27, 2010 FarLeftFistYes, it was with great pleasure. This was a Dems dream come true, the grilling of wall street crooks. Only jail time could make this better.
Flag It | Permalink | Reply | (â??) Show Replies Collapse Replies 12:19 am, Apr 28, 2010 wolverine1987A dream, yes--a fantastic opportunity to fake moralize to the camera about a subject they know nothing about. "My people are hurting, and you did it!" The only problem is that they are entirely clueless about the subject and nature of the business of what they are criticizing, not to mention the fact that nothing they criticized yesterday had a single thing to do with the the collapse of the housing market.
Flag It | Permalink 8:55 am, Apr 28, 2010 FarLeftFistApparently you have NO idea what you're talking about, thanks for making believe you do though.
Flag It | Permalink 9:24 am, Apr 28, 2010 truthiness2Dems dream come true indeed. Rep. Frank:" I do think I do not want the same kind of focus on safety and soundness that we have in OCC [Office of the Comptroller of the Currency] and OTS [Office of Thrift Supervision]. I want to roll the dice a little bit more in this situation towards subsidized housing. . . Ha!Ha!
Flag It | Permalink 9:56 am, Apr 28, 2010 wareagle82and what benefit did you get, mchugh? This morning, they are back doing what tehy did before, and all the pompous blowhards on the Senate are calling up to say "nothing personal and can I still get my campaign cash". There was no fall and there won't be. The admnistration is littered with Goldman alums who sent forth a series of lambs to be sacrificed before the cameras in the interest of political theater. The Senatorial self-righteousness isn't taken seriously and neither are the mea culpas from Goldman.
Flag It | Permalink | Reply 9:52 am, Apr 28, 2010 whipmawhopmaHey Mr. Varadarajan, give Old Man McCain a break. He already admitted he needs more education on economics, and he was right about the fundementals being strong - when you're married to Cindy Lou Hensley and can't remember how many houses you own (together).
Flag It | Permalink | Reply | (â??) Show Replies Collapse Replies 10:39 pm, Apr 27, 2010 whipmawhopmamake that 'fundamentals'.
Flag It | Permalink | Reply 10:43 pm, Apr 27, 2010 apetraSo now we're going to impute fiduciary responsibilities to market makers, and no one can sell anything they no longer wish to own. Um, I believe that's the only reason anyone sells anything. The only reason the markets have as much information as they do is that investors are able to profit from knowing what other investors do not. If they were obligated to tell all to anyone with whom they transact business, there would be far less information in the market, fewer (if any) transactions, it would all come to a crashing halt. Which is what this mad band of regulators seems to want. We already have a host of protections for unsophisticated investors. Private pension funds have the smarts and the responsibility to shareholders/stakeholders necessary to make prudent decisions. The big problem on the institutional side is the public pension funds, the universities (non profit), and all the corrupt and special interest dealings these -- predominantly left-leaning and Democrat affiliated -- institutions bring to an otherwise well functioning marketplace.
Flag It | Permalink | Reply | (â??) Show Replies Collapse Replies 11:05 pm, Apr 27, 2010 mcmchugh99Capitalism is "well-functioning"? You haven't been living on Neptune these past few years, have you? I mean, you free marketeers are psychotic. Your system has just crashed and burned in the worst depression since the 1930s and you STILL find nothing wrong with it? This is beyond my comprehension.
Flag It | Permalink | Reply | (â??) Show Replies Collapse Replies 11:19 pm, Apr 27, 2010 apetraMarkets work. Governments don't. Public sector investment funds, Fannie Mae, Freddy Mac, the Fed, the SEC, the dozen other bank regulatory bodies, the endless bailout funds of the U.S. Treasury. You think that competition on Wall Street is the root of our problems? Your ignorance is bedazzling, and dangerous.
Flag It | Permalink 11:34 pm, Apr 27, 2010 reardongalt"This is beyond my comprehension." I agree. Hey, a first!
Flag It | Permalink 3:01 am, Apr 28, 2010 wolverine1987We are all dumber for having read your ignorant post. The "system" didn't crash, the housing market did. It is not beginning a recovery, as is the economy. It won't be the last bubble we see pop, and then recover. There are inequities and unfair things that occur in our "system," by which you mean capitalism, absolutely. And capitalism has been evolving for years in a constant process of change and increased protection for those who live within it. But this "system" didn't collapse, the same system CREATED the middle class, which is not an opinion, it's a historical fact. As is the fact, not my opinion, the fact, that capitalism, by creating a middle class, has raised more people from poverty than any "system" in human history. There is no person, system or government in world history that is even close to lifting more from poverty. Try to argue with that if you will, but you will look ridiculous. The interpretations of history can be argued with, but historical fact cannot,
Flag It | Permalink 9:03 am, Apr 28, 2010 RJB-Bostonwell functioning market place? where have you been these last two years - visiting Mars?
Flag It | Permalink | Reply | (â??) Show Replies Collapse Replies 11:39 pm, Apr 27, 2010 reardongaltYou're showing your ignorance, but don't stop on my account.
Flag It | Permalink 2:31 am, Apr 28, 2010 reardongalt"So now we're going to impute fiduciary responsibilities to market makers, and no one can sell anything they no longer wish to own. Um, I believe that's the only reason anyone sells anything" Thank you apetra, finally a sane statement in this sea of liberal lunacy. As I watched the procedings, I couldn't help observing there was more brain power in those 4 market-makers than in all of Congress put together. I kept waiting for one of them to say, "Well we ARE market-makers you know. What do you think a market-maker does, anyway?" Assuming that in a sane world that would have explained it all, and they could have ended the circus right then and there. Watching the grandstanding Senators trying to sound like they are capable of "investigating" something that is clearly over their head was a little tiring and sickening. Personally, I would prefer if Senator Carl Levin concentrated on hearings for the Fort Hood terrorist attack, seeing as now we know the shooter, Army Major Nidal Malik Hasan was affiliated with Al Qaeda, confirming that this was a bonified Islamic terrorist attack on American soil, the worst such attack since Sep 11, 2001. Why is that not front page news? Where's the New York Times? Alan, you have any clues?
Flag It | Permalink | Reply | (â??) Show Replies Collapse Replies 2:30 am, Apr 28, 2010 toomanynotesI'm trying to sell a house. My broker tells me that if I do not disclose particular problems with the house to a prospective buyer before the closing, I will be held liable. I would think that similar disclosures should be mandatory when trillions are at stake, trillions of other people's money. Second point, neither of you know what captialism is. Hint: it isn't government choosing to let Lehman fail, and rescuing Goldamn Sucks and lord Blankfein with our money. That's called Fascism. Get it?
Flag It | Permalink 8:11 am, Apr 28, 2010 flyoverlandThe Senator from Flyoverland McCaskill was even more over the top than usual. She's obviously been spending too much time down at the boats (riverboat casinos)
Flag It | Permalink | Reply 11:37 pm, Apr 27, 2010 BasPosWhen will the head-in-butt Teabaggers learn that these folks and the GdOP are their real enemies? Stupid is the actual mindset of those laggards. Reagan screwed them, and they asked for more.
Flag It | Permalink | Reply | (â??) Show Replies Collapse Replies 11:45 pm, Apr 27, 2010 reardongaltRight after you learn that Obama and the Marxists surrounding him are your real enemies.
Flag It | Permalink | Reply 2:32 am, Apr 28, 2010 truthiness2When Barney Frank, Dodd, Maxine Waters, Obama et.al. are called to testify before the public regarding their role in the Freddie and Fannie debacle. They all "rolled the dice", they fund-raised and in the end the American people are paying.
Flag It | Permalink | Reply 9:22 am, Apr 28, 2010 JerryIzzoCongress' shrill selective indignation is little more than political theater in furtherance of (private sector) financial reform. What's so unique about the Goldman allegations? Isn't every mutual fund family that offers bull and bear products profiting through cross-purposes, as well?
Flag It | Permalink | Reply 11:57 pm, Apr 27, 2010 DakLakThe best in political theatre with all the witnesses
Flag It | Permalink | Reply | (â??) Show Replies Collapse Replies 12:23 am, Apr 28, 2010 reardongaltIt must be unusual for you to see such brain power as we witnessed in the panels.
Flag It | Permalink | Reply 2:33 am, Apr 28, 2010 magicmanThe Senators did an absolutely splendid job on behalf of The People today. This is something to be extremely proud of as Americans. What the American People do not understand at all is how markets work. So, today was an introduction to exactly how markets function. You're being pimped. Goldman creates the security, sells it, then shorts it, and *presto*, they have doubled their money...twice. Once on the underwriting and issuing of shares, then in the 'laddering' done in distribution at higher prices, and again in the shorting after they have unloaded the last share and have in fact shorted the issue and a crash then ensues. What Tanku did not explain is why this process always ends at the Mars-Uranus opposition, and which is an erratic timing device, the same as used by the Assassins of Ancient Rome and was the reason why Caesar exclaimed to Brutus "The fault lies not in our stars, but in ourselves." Caesar wasn't fooled, so why should we be? 6 out of the last 6 Depressions in this Country have always begun at the exact point in time when the planet Mars is 180 degrees opposite the planet Uranus at 46 degrees in the sky. Why? Is it a timing device for the ages? You betcha! Now. Who's got any ideas about what we should replace it with? (see President Andrew Jackson's Tombstone for the answer to this riddle) We've been down this road before. All it takes is 'honor' and 'courage'. Are we still fresh out of both? Certainly, after today, Goldman Sachs sure seems to be. Perhaps they are in need of some 'adult' supervision.
Flag It | Permalink | Reply | (â??) Show Replies Collapse Replies 12:26 am, Apr 28, 2010 reardongaltIf you're proud of the Senators, you must have a low threshold of pleasure.
Flag It | Permalink | Reply 2:34 am, Apr 28, 2010 KoblogYou couldn't tell the crooks apart: the ones asking the questions or the ones answering. Worse, the real crooks that created this mess are at Fannie Mae and Freddie Mac, scheming to this day to make more bad loans that Goldman can bundle into junk. This whole clown circus is a giant misdirection away from Fannie Mae and Freddie Mac-commanded bad mortgages to achieve Bwany Fwank's and Chris Dodd's "affordable housing" that is anything but.
Yes, and this clown circus will slow them down for what, a week or two? These are the real aliens that Hawking should be warning us about. They'll be back to worshiping themselves on their altars of money soon enough, enriching themselves at whatever cost the rest of us will have to pay and talking to the clowns in Congress is just a part of the cost of doing business, and business is good.
Yes, it was with great pleasure. This was a Dems dream come true, the grilling of wall street crooks. Only jail time could make this better.
A dream, yes--a fantastic opportunity to fake moralize to the camera about a subject they know nothing about. "My people are hurting, and you did it!" The only problem is that they are entirely clueless about the subject and nature of the business of what they are criticizing, not to mention the fact that nothing they criticized yesterday had a single thing to do with the the collapse of the housing market.
Apparently you have NO idea what you're talking about, thanks for making believe you do though.
Dems dream come true indeed. Rep. Frank:" I do think I do not want the same kind of focus on safety and soundness that we have in OCC [Office of the Comptroller of the Currency] and OTS [Office of Thrift Supervision]. I want to roll the dice a little bit more in this situation towards subsidized housing. . . Ha!Ha!
and what benefit did you get, mchugh? This morning, they are back doing what tehy did before, and all the pompous blowhards on the Senate are calling up to say "nothing personal and can I still get my campaign cash". There was no fall and there won't be. The admnistration is littered with Goldman alums who sent forth a series of lambs to be sacrificed before the cameras in the interest of political theater. The Senatorial self-righteousness isn't taken seriously and neither are the mea culpas from Goldman.
Hey Mr. Varadarajan, give Old Man McCain a break. He already admitted he needs more education on economics, and he was right about the fundementals being strong - when you're married to Cindy Lou Hensley and can't remember how many houses you own (together).
make that 'fundamentals'.
So now we're going to impute fiduciary responsibilities to market makers, and no one can sell anything they no longer wish to own. Um, I believe that's the only reason anyone sells anything. The only reason the markets have as much information as they do is that investors are able to profit from knowing what other investors do not. If they were obligated to tell all to anyone with whom they transact business, there would be far less information in the market, fewer (if any) transactions, it would all come to a crashing halt. Which is what this mad band of regulators seems to want. We already have a host of protections for unsophisticated investors. Private pension funds have the smarts and the responsibility to shareholders/stakeholders necessary to make prudent decisions. The big problem on the institutional side is the public pension funds, the universities (non profit), and all the corrupt and special interest dealings these -- predominantly left-leaning and Democrat affiliated -- institutions bring to an otherwise well functioning marketplace.
Capitalism is "well-functioning"? You haven't been living on Neptune these past few years, have you? I mean, you free marketeers are psychotic. Your system has just crashed and burned in the worst depression since the 1930s and you STILL find nothing wrong with it? This is beyond my comprehension.
Markets work. Governments don't. Public sector investment funds, Fannie Mae, Freddy Mac, the Fed, the SEC, the dozen other bank regulatory bodies, the endless bailout funds of the U.S. Treasury. You think that competition on Wall Street is the root of our problems? Your ignorance is bedazzling, and dangerous.
"This is beyond my comprehension." I agree. Hey, a first!
We are all dumber for having read your ignorant post. The "system" didn't crash, the housing market did. It is not beginning a recovery, as is the economy. It won't be the last bubble we see pop, and then recover. There are inequities and unfair things that occur in our "system," by which you mean capitalism, absolutely. And capitalism has been evolving for years in a constant process of change and increased protection for those who live within it. But this "system" didn't collapse, the same system CREATED the middle class, which is not an opinion, it's a historical fact. As is the fact, not my opinion, the fact, that capitalism, by creating a middle class, has raised more people from poverty than any "system" in human history. There is no person, system or government in world history that is even close to lifting more from poverty. Try to argue with that if you will, but you will look ridiculous. The interpretations of history can be argued with, but historical fact cannot,
well functioning market place? where have you been these last two years - visiting Mars?
You're showing your ignorance, but don't stop on my account.
"So now we're going to impute fiduciary responsibilities to market makers, and no one can sell anything they no longer wish to own. Um, I believe that's the only reason anyone sells anything" Thank you apetra, finally a sane statement in this sea of liberal lunacy. As I watched the procedings, I couldn't help observing there was more brain power in those 4 market-makers than in all of Congress put together. I kept waiting for one of them to say, "Well we ARE market-makers you know. What do you think a market-maker does, anyway?" Assuming that in a sane world that would have explained it all, and they could have ended the circus right then and there. Watching the grandstanding Senators trying to sound like they are capable of "investigating" something that is clearly over their head was a little tiring and sickening. Personally, I would prefer if Senator Carl Levin concentrated on hearings for the Fort Hood terrorist attack, seeing as now we know the shooter, Army Major Nidal Malik Hasan was affiliated with Al Qaeda, confirming that this was a bonified Islamic terrorist attack on American soil, the worst such attack since Sep 11, 2001. Why is that not front page news? Where's the New York Times? Alan, you have any clues?
I'm trying to sell a house. My broker tells me that if I do not disclose particular problems with the house to a prospective buyer before the closing, I will be held liable. I would think that similar disclosures should be mandatory when trillions are at stake, trillions of other people's money. Second point, neither of you know what captialism is. Hint: it isn't government choosing to let Lehman fail, and rescuing Goldamn Sucks and lord Blankfein with our money. That's called Fascism. Get it?
The Senator from Flyoverland McCaskill was even more over the top than usual. She's obviously been spending too much time down at the boats (riverboat casinos)
When will the head-in-butt Teabaggers learn that these folks and the GdOP are their real enemies? Stupid is the actual mindset of those laggards. Reagan screwed them, and they asked for more.
Right after you learn that Obama and the Marxists surrounding him are your real enemies.
When Barney Frank, Dodd, Maxine Waters, Obama et.al. are called to testify before the public regarding their role in the Freddie and Fannie debacle. They all "rolled the dice", they fund-raised and in the end the American people are paying.
Congress' shrill selective indignation is little more than political theater in furtherance of (private sector) financial reform. What's so unique about the Goldman allegations? Isn't every mutual fund family that offers bull and bear products profiting through cross-purposes, as well?
The best in political theatre with all the witnesses
It must be unusual for you to see such brain power as we witnessed in the panels.
The Senators did an absolutely splendid job on behalf of The People today. This is something to be extremely proud of as Americans. What the American People do not understand at all is how markets work. So, today was an introduction to exactly how markets function. You're being pimped. Goldman creates the security, sells it, then shorts it, and *presto*, they have doubled their money...twice. Once on the underwriting and issuing of shares, then in the 'laddering' done in distribution at higher prices, and again in the shorting after they have unloaded the last share and have in fact shorted the issue and a crash then ensues. What Tanku did not explain is why this process always ends at the Mars-Uranus opposition, and which is an erratic timing device, the same as used by the Assassins of Ancient Rome and was the reason why Caesar exclaimed to Brutus "The fault lies not in our stars, but in ourselves." Caesar wasn't fooled, so why should we be? 6 out of the last 6 Depressions in this Country have always begun at the exact point in time when the planet Mars is 180 degrees opposite the planet Uranus at 46 degrees in the sky. Why? Is it a timing device for the ages? You betcha! Now. Who's got any ideas about what we should replace it with? (see President Andrew Jackson's Tombstone for the answer to this riddle) We've been down this road before. All it takes is 'honor' and 'courage'. Are we still fresh out of both? Certainly, after today, Goldman Sachs sure seems to be. Perhaps they are in need of some 'adult' supervision.
If you're proud of the Senators, you must have a low threshold of pleasure.
You couldn't tell the crooks apart: the ones asking the questions or the ones answering. Worse, the real crooks that created this mess are at Fannie Mae and Freddie Mac, scheming to this day to make more bad loans that Goldman can bundle into junk. This whole clown circus is a giant misdirection away from Fannie Mae and Freddie Mac-commanded bad mortgages to achieve Bwany Fwank's and Chris Dodd's "affordable housing" that is anything but.
Having the Senate quiz Goldman on ethics is like Elliot Spitzer questioning Tiger Woods on marital fidelity. Neither could be honest if their life depended on it.
The American public wants an apology? What American public is that, the one that bought houses they couldn't afford with mortgage loans they didn't bother to read? Give me a break. Goldman played the game according to the rules that these Senators themselves wrote, voted and passed. The Senators don't like it? They have only themselves to blame. It's the legislation that was "shitty", not Goldman's conduct.
Exactly. Right on the money shoshido. We are livling in a parallel universe where "up" is "down"and "good" is "bad", where the crooks are questioning the normal people, the lowlifes are grilling the geniuses. It seems to be getting worse by the day.
Isn't there a circle in hell reserved for these Wall Street creeps? Dante would know what to do with them in the log term ;-)
That would be 'long term.'
Let me explain something very simple. If I follow a given market, and I decide I want to buy or sell something, some investment vehicle, I either go online and place that order, or in the case that a broker-dealer is needed, I place a call. I tell him what I want to do, and the order is placed and I get what I asked for. If it's a risking investment, the broker may have to read some stuff to me. He wants to know if I know the risks. After I assure him that I do in fact know the risks, the deal is consummated. Now, here's the critical point. He may find someone to take the other side of the order, the "contra" so that my order can be filled, or he may take the other side himself (his firm, that is). I don't know who took the other side. In fact, that's one thing you never know, nor can you ever find out, for the simple reason that it's not relevent and the system is set up that way. It's totally irrelevent who sold me what I wanted to buy, or who bought from me what I wanted to sell, as long as I got the price I wanted. So, to turn around late Read Full Article »
