Carl Levin actually said...

"A lack of controls for fraud, according to this report--this is your own internal report--has existed for some time."

"Would selling those mortgages for that reason trouble you without disclosing that to investors?"

"Were they notified that there was a billion-and-a-half dollars in loans that were selected because they were Option ARMs and that it was your expectation that Option ARMs were going to go delinquent i..."

"Look, Mr. Beck, those emails talk about delinquencies, delinquencies, delinquencies."