Carl Levin actually said...

We have to change this system. But in order to change it, we have to understand it, not deny it.

Levin emphasizes the need to understand tax issues to enact change.

05/20/2013

More Carl Levin Quotes

You intended to keep short positions in all kinds of transactions we went into today.

You don't acknowledge it is big time. You said it was, what, a small net short.

You shut down all residential mortgage warehouses.

The bubble burst in 2007. We are looking at the causes of that bubble bursting.