Carl Levin actually said...

And then the risk, therefore, would be passed on to the purchasers. Is that correct?

Levin confirms the transfer of risk from WaMu to investors.

04/12/2010

More Carl Levin Quotes

There is no reason why we can't work together.

Now, as WaMu's condition continued to worsen in the summer of 2008, the FDIC conducted a capital analysis, recommended to OTS that a 4 ratin...

So since there is no regulation on the books for these kinds of risky practices, how are we going to get them on the books?

OTS has principal responsibility. FDIC doesn't.