Carl Levin actually said...

"Should the OCC have been informed about that?"

"Shouldn't investors have known during that call that the current status of the SCP was not great, it was losing a lot of money, huge positions that it had were hard to exit, it had been violating all ..."

"All right. So when Ms. Drew said you were, or she thought you were, she was wrong. You were not."

"But it is supposed to be at least once a year, isn't it?"