Carl Levin actually said...

the limit and JPMorgan's commitment is going to be an effective safeguard and limit size and amount of risk from physical commodity activities.

Levin emphasizes the need to close loopholes for effective risk management.

11/19/2014

More Carl Levin Quotes

The bubble burst in 2007. We are looking at the causes of that bubble bursting.

These credit default swaps that you engaged in, these synthetics, in my judgment and I think most people's judgment, do not serve a social p...

But you were paid a whole bunch of money by the Federal Government.

The U.S. Government decided not to allow AIG to default.