Carl Levin actually said...

Fractured Markets. The first fact we need to grapple with is that our markets have changed enormously in the last 5 years.

Levin discusses significant changes in market structure over recent years.

12/07/2010

More Carl Levin Quotes

Should a CDO which is expected not to perform be given a AAA rating?

Would you all agree with that, it would be riskier if there was no verification of income?

From my personal perspective, it is something that I would have wanted to know, because it is more of a qualitative not a quantitative asses...

Well, that may be what they believed, but I am asking you what should be the case.