Carl Levin actually said...

Now, on October 4, 2007, Exhibit 46, you wrote the SEC.

Levin references a past communication to the SEC regarding market positions.

10/03/2007

More Carl Levin Quotes

And where you take a short position, do you think that should be disclosed? Where you are betting against that same security you are selling...

My problem comes particularly where you are selling a security to someone... and at the same time, you are betting against it.

We have to do a better job of striking the balance between what an informed client believes is important to his or her investing goals and w...

What do you think about selling securities which your own people think are crap? Does that bother you?