Mr. Levin challenges Mr. Braunstein, just as he pushed back against Ms. Drew. He wants to know why the losses provided by Mr. Braunstein to examiners at the comptroller's office failed to capture the full extent of the losses on the soured trades.
Mr. Braunstein says he was "certain" that he provided accurate information. He says "the math might work out for you," referring to the losses reported to the comptroller. He questions though whether the correct information was, in fact, handed over to the bank's main regulator.
Mr. Levin then continues to question Ms. Drew about why the chief investment office did not provide the same profit and loss statements as the rest of the bank. Ms. Drew responds that her chief financial officer, to the best of her knowledge, did provide daily reports.
↧