Carl Levin actually said...

So that Standard and Poor's assigns lower ratings to lenders that are known for poor quality loans with high delinquency rates?

Questioning the rating practices of Standard and Poor's regarding poor quality loans.

04/22/2010

More Carl Levin Quotes

Half of those items in the portfolio were suggestions that came from Paulson. Is that correct?

I would have hoped you would have said you were appalled as your first reaction.

Your clients' interests always come first, and they don't.

Do you think they know that you think something is a piece of crap when you sell it to them and then bet against it?