Carl Levin actually said...

What consequences can you expect when most customers only make minimum payment in terms of the borrower's reaction to a payment shock?

Levin questions the impact of minimum payments on borrowers' ability to handle payment shocks.

04/15/2010

More Carl Levin Quotes

You are out there selling these securities. Do you not have a responsibility to take steps to make sure that fraud ends?

banks that find out about high rates of fraud affecting their loans and then do not do anything about them is emblematic of how banks contri...

You are out there selling these securities. You know there is fraud in some of these securities.

How does that happen? You have loan officers under investigation year after year after year.