Weren’t the Sandlers part of the Saturday Night Live skit that NBC had to pull for threat of suit?
Herbert Sandler: My wife and I had a company which aggressively marketed subprime mortgages, and then bundled them into securities to sell to banks such as Wachovia. Today, our portfolio is worth almost nothing — though at one point, it was worth close to $19 billion.
Pelosi: My God. I am so sorry. Were you able to sell it for anything.
Herbert Sandler: Yes, for $24 billion.
Pelosi: I see. So in that sense, you’re not so to speak, actual victims.
Herbert Sandler (chuckling): Oh, no. That would be Wachovia Bank.
Marion Sandler: Actually, we’ve done quite well. We’re very happy.
The very one... and NBC pulled it for some scrubbing.