Carl Levin actually said...

"You did execute on it for about a year, a year and a half."

"A lack of controls for fraud, according to this report--this is your own internal report--has existed for some time."

"Would selling those mortgages for that reason trouble you without disclosing that to investors?"

"Were they notified that there was a billion-and-a-half dollars in loans that were selected because they were Option ARMs and that it was your expectation that Option ARMs were going to go delinquent i..."