You didn't retest the old deals, did you?
There is a strong internal emphasis on market coverage, yes.
Are you familiar with the practice, Ms. Barnes?
Ratings are assigned by committee, not individuals. However, entire committees, entire departments are susceptible to ma...
If you would have done them a year earlier when you had information that the market was going under and was in trouble.....
This is not accurate This is not true?
When you say, you shouldn't operate from consensus, it says that there is a strong internal emphasis on market share.
There were a lot of reasons for the 2006 loans that were going bad so quickly.
It would have resulted in downgrades for many of the RMBS securities.
The bank got their way. Don't assign that person to me from now on.
Is that correct?
Yes, but you could removed analysts. You might have remove analysts for that reason.
Did investment bankers apply pressure in connection with rating analysts during the rating process?
Well, I could not agree with you more.
And were you or your staff aware at the time that Moody's was working on the ABACUS rating that Paulson was shorting the...
I objected to it being the driver. I went ahead and tried to prevent us from what I believed was committing securities f...
And have you seen reports that the Paulson firm shorted the ABACUS transaction using Goldman Sachs as its agent?
there has got to be a way that the regulators are going to find to eliminate this conflict of interest.
