Carl Levin actually said...

So why do you end up with $2.5 billion of taxpayers' money in your pocket when we don't owe you the money?

If you think $12 billion is a small net short, the answer is, you think that is small.

It is important to note however that we are active traders of mortgage securities and loans.

You shouldn't be selling junk. You shouldn't be selling crap. You shouldn't be betting against your own customer at the same time you are se...