Carl Levin actually said...

But you guys wanted to take a heck of a lot more risk on shorts, and that is, according to your own numbers, what happened.

Levin criticized the firm's excessive risk-taking in short positions.

04/26/2010

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?