Carl Levin actually said...

"But it was a violation of the bank's policy."

"Is it appropriate to set goals to achieve RWA reductions by affecting how the models calculate the results?"

"This was described, this portfolio, as being a 'perilous size.'"

"Shouldn't investors have known during that call that the current status of the SCP was not great, it was losing a lot of money, huge positions that it had were hard to exit, it had been violating all ..."