Carl Levin actually said...

As recently as July of last year, Goldman had no capital allocated for a catastrophic event.

Levin points out Goldman's lack of capital for potential catastrophic risks.

11/19/2014

More Carl Levin Quotes

During these years, WaMu cut back on its loan originations overall, but while cutting back, it also changed the mix from lower- to higher-ri...

So that was a higher interest rate there, as well?

Fraud problems resurfacing with a gusto in early 2008.

I do not know how a bank can possibly operate with credibility with this kind of problem, this kind of fraud in its midst.