Carl Levin actually said...

"the bank stopped sending the Investment Bank's daily profit and loss (P&L) data to the OCC."

"The Model Review Group required only limited backtesting of the new model. . . . That is No. 1. It was critical of that limited backtesting."

"It is his decision, not Mr. Braunstein's decision, to do that."

"Did you know that these limits were supposed to be reviewed every year?"