Carl Levin actually said...

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

Levin asks why acceptable loan structures were not implemented.

04/15/2010

More Carl Levin Quotes

But the output, the outcome.

So what were you looking at that would not be inside that OTS 2 rating?

Should we legislate? I am tempted, frankly--and I may do it--to just ban negatively amortizing loans.

Is that in your judgment adequate regulation?