Carl Levin actually said...

This is not effective regulation. It is feeble regulation, year after year after year.

Levin criticizes the ineffectiveness of regulation over several years.

04/15/2010

More Carl Levin Quotes

But the facts still are that you got $2.5 billion of taxpayers' money on a private deal.

You said what your investments were in November 2006 and what your investments--this is on the long side now--of August 2007.

Did you bet big time in 2007 against the housing mortgage business, and you did.

You are not aware that your own firm argues for large AAA tranches?