Carl Levin actually said...

"You say they had the freedom to break the contract. You entered a contract which, if they lived up to it, required them to move, sometimes a few hundred feet, their metal to another Metro warehouse."

"The merry-go-round deals required Metro to organize and pay for thousands of truck shipments between its own warehouses."

"The amount of the incentives dramatically increased. Is that correct?"

"I think it is dangerous for financial holding companies to engage in a multiplicity of physical commodity-related activities with the presumption that there is no risk."