http://www.msnbc.msn.com/id/36795143/ns/business-us_business

Levin pointed to a particular transaction that one of Sparks’ bosses termed a “shitty deal” in an email. The Senator used the phrase “shitty deal” at least a half dozen times at the hearing. Sparks did not respond directly, and said it was not his own description of the transaction.
Later in the day, when asked about the email, Chief Financial Officer David Viniar said, “I think that’s very unfortunate to have on email.” People in the gallery laughed, and Senator Levin said, “On email? How about feeling that way?”

Viniar said, “I think it’s very unfortunate for anyone to have said that, in any form.” Levin asked about whether it was unfortunate to believe it, and Viniar said, “I think that’s very unfortunate as well.”