Carl Levin actually said...

"You are out there selling these securities. Do you not have a responsibility to take steps to make sure that fraud ends?"

"banks that find out about high rates of fraud affecting their loans and then do not do anything about them is emblematic of how banks contributed to the financial crisis"

"You are out there selling these securities. You know there is fraud in some of these securities."

"How does that happen? You have loan officers under investigation year after year after year."