Claire McCaskill actually said...

"I mean, you don't think that there is a point where we make up stuff to bet on and you guys are securitizing it and tranching it."

"We have conflict of interest issues, we have disclosure issues, and we have transparency issues, and we need to get all of those fixed to make sure we don't have a repeat of this debacle."

"I am not sure that, frankly, it is a thing of value that most Americans would be comfortable that we would be backing up and providing taxpayer bailouts to companies that were engaging in that."

"The point I am trying to make is it shows that an analysis was going on on the mortgages that went into your instruments internally."