Carl Levin actually said...

"Those are risks and they must be managed properly so that the rating system is not compromised in any way."

"there has got to be a way that the regulators are going to find to eliminate this conflict of interest."

"And have you seen reports that the Paulson firm shorted the ABACUS transaction using Goldman Sachs as its agent?"

"I objected to it being the driver. I went ahead and tried to prevent us from what I believed was committing securities fraud."