Carl Levin actually said...

Would you all agree with that, it would be riskier if there was no verification of income?

Levin asks for consensus on the risks of unverified income in loans.

04/22/2010

More Carl Levin Quotes

The evidence shows that Goldman repeatedly put its own interests and profits ahead of the interests of its clients.

one of the responsibilities of an investment bank is to go out and sell deals.

So market share mattered, in a nutshell.

It was common knowledge that ratings shopping occurred in structured finance.