Carl Levin actually said...

These regulatory capital requirements are one of the most important tools that we have to ensure the safety and soundness of our financial s...

That was a misstatement, misrepresentation, and flat out falsity, as far as I am concerned.

And when he testified that the SCP was to protect against Scenarios 2 and 4, you go all the way over to number 10 to try to find some scenar...

the Synthetic Credit Portfolio was not reducing the bank's risks but was increasing them?