Carl Levin actually said...

Ratings are assigned by committee, not individuals. However, entire committees, entire departments are susceptible to market share objectives.

Levin discusses the influence of market share objectives on rating committees.

04/22/2010

More Carl Levin Quotes

Your salesperson believed it was junk.

You ought to have plenty of regrets. I do not think that you are willing to acknowledge them, but you ought to have them.

during most of 2007, we maintained a net short sub-prime position and therefore stood to benefit from declining prices in the mortgage marke...

Did Mr. Paulson or Paulson & Company come in wanting to go short?