Carl Levin actually said...

the value is very limited. It has loopholes in it which will be used, I am sure, by banks to avoid ponying up the names.

Discussing the limitations of a new treaty regarding bank secrecy.

02/25/2014

More Carl Levin Quotes

Thank you.

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

Regulators did not 'get the information' on those positions on a regular basis, did they?

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