Carl Levin actually said...

Why were so many Long Beach mortgages defaulted? Why were Long Beach securities consistently among the worst performing in the marketplace?

Levin questions the high default rates of Long Beach mortgages and their poor market performance.

04/12/2010

More Carl Levin Quotes

That is OK. No, that is good.

Did the London traders have to get approval of the CIO risk managers like you to put on positions?

I do not know why those reports suddenly were not sent.

The individual trades, the positions they were taking, they did not get your approval.