Carl Levin actually said...

There is no effort to vilify anybody. We are trying to shine a spotlight on the practices of a big company.

Clarifies the purpose of the hearing is to analyze corporate practices, not to vilify.

05/20/2013

More Carl Levin Quotes

Now, do you both agree that if a mutual fund bought and sold commodity futures or a commodity swap--in other words, if a mutual fund made a ...

it is our joint intent that even though there may not be consensus on the effect of speculation, that there is consensus that our laws are i...

For 10 years now, this Subcommittee has focused attention on the problem of excessive speculation in the commodity markets.

The reason that these are set up in these offshore locations is so that they can avoid that impact of that section of the Tax Code.