Carl Levin actually said...

"You knew Paulson was on the short side of the trade. Is that correct?"

"You think, hey, give the less flexible folks to our customers. We will save the more flexible for ourselves."

"You ought to have plenty of regrets. I do not think that you are willing to acknowledge them, but you ought to have them."

"during most of 2007, we maintained a net short sub-prime position and therefore stood to benefit from declining prices in the mortgage market"