Carl Levin actually said...

"But its general direction, its general theme is to lead to tougher risk controls, is it not?"

"Shouldn't investors have known during that call that the current status of the SCP was not great, it was losing a lot of money, huge positions that it had were hard to exit, it had been violating all ..."

"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.'"

"all of those decisions are made on a very long-term basis."