Carl Levin actually said...

Did the banks, either of your banks, from these tens of millions of trades that were executed every year in your accounts for the option bas...

So of the 15 million trades at your bank, the guidelines did not stop any of those trades.

We also have examined reckless behavior that has put the stability of the financial system--and by extension, the U.S. economy--at risk.

I have a few questions for the GAO, but, we will now hear from Senator McCain.