Carl Levin actually said...

"I think in those transactions in which we underwrote, I believe, and I am not looking at specific--in fact, my understanding is that is disclosed, that we can have a short or a long position in those ..."

"Do they have a belief that you, at least when you are going out peddling securities, that you want that security to succeed?"

"You did not disclose to ACA that Paulson was on the short side of this deal. Is that correct?"

"during most of 2007, we maintained a net short sub-prime position and therefore stood to benefit from declining prices in the mortgage market"