Carl Levin actually said...

We recognized, through the efforts of the committee, that there could be improvement in our own system.

Levin acknowledges the need for improvements in the company's notification system.

11/07/2011

More Carl Levin Quotes

So 132 sampled were identified with red flags, reading from this report, and of that, 115 had confirmed fraud.

And those were high risk?

There should be a reasonableness test when these subprime mortgages are originated.

And the report said that most of the fraud was due to willful behavior of WaMu employees.