Carl Levin actually said...

"And when he testified that the SCP was to protect against Scenarios 2 and 4, you go all the way over to number 10 to try to find some scenario in which it might be helpful."

"These regulatory capital requirements are one of the most important tools that we have to ensure the safety and soundness of our financial system."

"I think today they acknowledged it was not a hedge."

"So there intention--was not an intention, you said, on an ongoing basis to optimize the book."