Carl Levin actually said...

So the market share was a factor there as well as to whether or not you would use the new available information to re-rate the existing securities?

Levin highlights market share concerns affecting rating decisions.

04/22/2010

More Carl Levin Quotes

Now, as WaMu's condition continued to worsen in the summer of 2008, the FDIC conducted a capital analysis, recommended to OTS that a 4 ratin...

We cannot rely on the regulators. That is obvious from today's hearing, it seems to me.

Do you have a conclusion as to why Washington Mutual failed?

So why wasn't it changed? What were the reasons it was not changed from what you have heard?