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Footnote Exhibits - Page 0864 Greg Lippmann/NewYork/DBNAIDeuBa@DBAMERICAS 12/08/2006 11:49 AM

Topfaulkner@psamllc.com cc bec Subjectother bonds

just traded these

ACCR 2006-1 M8 160 SAST 2006-2 B2 190 CWL 2006-BC2 M8 225

FMIC 2006-3 M8

180

Just offered these: Deal

8 -Dec

ABSHE 2006-HES ACE 2006-OPI

300.00 300 00

ANSI 2006-P2 .ARSI 2006-Tff1

450.00 550.00

FF1 2006-FFS FHLT 2006-2

325. 00 435.00

GSAHP 2006-HE3 GSAID 2006-NC2 IMAT 2006-7 JPNAC 2006-WHCI

400.00 525.00

LBHLT 2006-TfLI

HSAC ZOOS-1HES

310.00 385.00

PASC Z006-ES3

460.00

460.00 325.00

your bonds gsamp 06-nc2 m8 this is an absolute pig...see the m9 above will offer the m8 at 375 bsabs 05-hel2 m7 225 rasc 05-ks8 m8 pass t his is a bad deal and we are already long it Greg H. Lippmann Managing Director Deutsche Bank Securities Inc. 3rd Floor 60 Wall Street

New York, New York 10005 Phone (212) 250-7730 Fax (212) 797-2201

S-=

Redacted by the Permanent

Subcommittee on Investigations

Mobile (917)

greg.lippmann@db.com

Permanent Subcommittee on Investigations Wall Street & The FinancialCrisis Report Footnote #1286 Confidential Treatment Requested by DBSI

DBSI-PSI-EMAILO 18821K


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