Well, why do you want them then if----
My last question, and my time is about up, you also propose--your proposal would authorize the Securities and Exchange C...
The nature of today's credit rating industry reflects decades of regulatory missteps rather than market preferences.
Something has gone wrong. We both agree with that.
How do we bring back what I thought we all benefited for a long time, and that is, securitization of mortgages?
if you don't even have the expertise to be able to figure out who is a reliable advisor and who is not, you shouldn't be...
Greed?
I strongly believe that the credit rating agencies played a pivotal role in the collapse of our financial markets.
How is the decision to leave the NRSRO ratings embedded in the regulatory framework consistent with the goal of not affo...
I think we have to tackle the conflict of interest head-on.
When I was Chairman of this Committee, we acted to address the problem after the SEC failed to take action on its own.
Today, we will consider a legislative proposal by the Administration to revisit the regulation of credit rating agencies...
Absolutely.
How do we bring securitization back? How do we do this? I mean, it is based on trust, and maybe it is a brick at a time....
I think that is probably an understatement.
Is it possible that ratings for certain instruments, such as more traditional bonds we have talked about, have a greater...
Unfortunately, the law that we passed in 2006 did not have time to take root before the problems that they were intended...
Without that, there is no trust out there, is there?
