Carl Levin actually said...

"What we have seen during this investigation is the evidence that JPMorgan piled on risk, broke risk limits, hid losses, manipulated models, dodged oversight, misinformed the public."

"That creates an impression which is not true."

"You said that when you saw this document... last April, that you relied on the 'central scenarios included on that page describing an 80 [percent] likelihood.'"

"The responsibility would lie first and foremost with management, to have the proper risk systems and controls, proper reporting."