Carl Levin actually said...

I think I would characterize the original characterization of Subpart F is to prevent the shifting of passive income abroad, yes.

Levin discusses the original intent of Subpart F to prevent passive income shifting.

05/20/2013

More Carl Levin Quotes

And were you or your staff aware at the time that Moody's was working on the ABACUS rating that Paulson was shorting the assets in ABACUS?

Well, I could not agree with you more.

When you were there, that is the way it was handled?

I was pretty amazed.