Carl Levin actually said...

I think that we have the clear authority to do it as it relates to the two no-action letters.

Levin discusses authority regarding no-action letters and hedge exemptions.

07/20/2009

More Carl Levin Quotes

The Subcommittee investigation found that in some instances, the conclusion memos of exams at HBUS were a lot stronger than the supervisory ...

The oversight function is critically important and that is our responsibility, to bring about accountability through oversight.

Why should banks open accounts for bearer share corporations?

I agree with that and I also agree that Congress has responsibility, too, in our oversight.