Carl Levin actually said...

"Is it correct that your Swiss bankers worked with both of these outside intermediaries to help U.S. citizens set up offshore shell entities?"

"Thank you very much."

"Responses of Credit Suisse to supplemental questions for the record from Senator Carl Levin."

"the value is very limited. It has loopholes in it which will be used, I am sure, by banks to avoid ponying up the names."