Carl Levin actually said...

"And the audit that you saw when you first got there, that 2006 audit, which is Exhibit 10, was the reason, as I understand it, that you were asked to take responsibility for Long Beach, is that correc..."

"Why were so many Long Beach mortgages defaulted? Why were Long Beach securities consistently among the worst performing in the marketplace?"

"Wasn't there a recommendation in 2005 to take action against those officers?"

"No, when there was fraud, what you do is reward the folks that are being investigated with trips."