Carl Levin actually said...

"My problem comes particularly where you are selling a security to someone... and at the same time, you are betting against it."

"And where you take a short position, do you think that should be disclosed? Where you are betting against that same security you are selling--yes or no, do you think that ought to be disclosed or not?"

"Do you think they know that you think something is a piece of crap when you sell it to them and then bet against it?"

"You don't acknowledge it is big time. You said it was, what, a small net short."