Carl Levin actually said...

That is, as Senator LeMieux says, a painful bit of news that the taxpayers are not going to be particularly happy to hear.

Acknowledging the negative impact of cost increases on taxpayers.

03/10/2010

More Carl Levin Quotes

Long Beach represents a real problem for WaMu.

And the push to increase loan volume made things worse?

Extreme greed was the driving force, and it will happen again unless we change the rules.

And did it find that Long Beach had weak controls over the loan approval process?