Carl Levin actually said...

Now, in May 2012, after the media disclosure of the whale trades, the bank determined the new VaR model was not portraying the SCP's risk ac...

You think the average person listening to this would not think you were referring to the trades that were at issue that blew up?

They did not get the detailed positions regularly.

one of our recommendations in our report is that the OCC get banks to use independent pricing services