Carl Levin actually said...

"The Subcommittee investigation found that in some instances, the conclusion memos of exams at HBUS were a lot stronger than the supervisory letters that were sent to the bank."

"The oversight function is critically important and that is our responsibility, to bring about accountability through oversight."

"Why should banks open accounts for bearer share corporations?"

"I agree with that and I also agree that Congress has responsibility, too, in our oversight."