Carl Levin actually said...

"Now, in your statement, Mr. Killinger, you described how the Office of Thrift Supervision was on site at WaMu and approved of WaMu's actions."

"I think you would agree, contributed to the reduction in the criteria--the loosening of the criteria for these products."

"He is laying out the risks as he sees them in the pool."

"These are very serious allegations. These are high fraud rates."