Carl Levin actually said...

"Our markets, if we lose our credibility, not only have the folks on Wall Street lost an incredible business, not only the rating agencies an incredible business, but the United States of America has l..."

"Market share should not be driving ratings."

"So the market share was a factor there as well as to whether or not you would use the new available information to re-rate the existing securities?"

"Those toxic mortgages were scooped up by Wall Street firms that bottled them in complex financial instruments."