Carl Levin actually said...

"the bank stopped sending the Investment Bank's daily profit and loss (P&L) data to the OCC."

"All right. Now, you also wrote in the email that the bank said, quote, that if you--referring to the OCC-- 'have been watching the position reports and the P&Ls,' do you know what position reports and..."

"The Model Review Group required only limited backtesting of the new model. . . . That is No. 1. It was critical of that limited backtesting."

"Did you know that these limits were supposed to be reviewed every year?"