It was resolved. Were the resources adequate?
Preserving market share mattered, isn't that what he is saying, point blank?
I think that the agencies really went overboard here and really went off the deep end.
How about David Bawden?
Were you aware that there was a large growth in the utilization of interest-only loans during that period?
This does constitute a 'risk' to ratings quality.
So you didn't use the term that they said you used?
And the great demand for mortgages for that purpose?
I believe that attention to market share is one thing we must pay attention to in running the business.
the credit rating agencies continued to issue AAA ratings on new subprime RMBS and CDOs in 2007 despite warnings
In 2006, delinquency rates for loans supporting subprime securities were hitting record levels.
Following conversations with banks--where they asked for the removal of somebody from the relationship, did you ever acc...
Unchecked competition on this basis can place the entire financial system at risk.
That constitutes a risk to ratings quality.
You just said finally, after the fourth time I asked, it should be looked at differently.
it is a pretty sad story. A sad chapter in the history of credit rating agencies, folks.
Should collateral that is coming from a company whose collateral in general is not performing so good, should that colla...
So that Standard and Poor's assigns lower ratings to lenders that are known for poor quality loans with high delinquency...
