Those are risks and they must be managed properly so that the rating system is not compromised in any way.
It wasn't here. That is all I can tell you.
You are going to need to start downgrading. We need people. We need resources now.
We need to put a stop to this madness!!!
You don't remember? So you are not denying that happened, is that correct?
It mattered to them.
You are trying not to answer the question.
All right. Mr. Raiter, going back to you again, you had insufficient data to predict how a new loan would perform.
Should those numbers be massaged to preserve market share? Does anyone believe that?
Was there a fee charged for surveillance?
It is so clear, it is so obvious, there is such a fundamental conflict here to me.
Certainly.
Yes. I tell you, these emails are, I think, just devastating as to the kind of culture that was going on here.
He says it is at risk due to pressure from bankers.
And should?
So that you felt Standard and Poor's should downgrade subprime, significantly.
Whenever S&P made a criteria change to its RMBS model and that change was more conservative than the previous model, did...
But you never heard from a bank that they really would prefer you to remove somebody, it is just not working out well wi...
