He sure put his finger on WaMu.
Our markets, if we lose our credibility, not only have the folks on Wall Street lost an incredible business, not only th...
Market share should not be driving ratings.
So the market share was a factor there as well as to whether or not you would use the new available information to re-ra...
Those toxic mortgages were scooped up by Wall Street firms that bottled them in complex financial instruments.
For a hundred years, Main Street investors trusted U.S. credit rating agencies to guide them toward safe investments.
The problem is, outside of the great people that inhabit the United States, that the two greatest things that make this ...
And should it affect the credit analysis?
I could not agree with you more. But that is the culture that existed here.
Was there a delay in putting that new model in place?
IBG-YBG was explained to me to mean, 'I'll be gone, you'll be gone.'
It seems to me, is going to shake up folks that are listening to this testimony as to how much these credit ratings can ...
Do you know anything about the use of dummies, Ms. Yoshizawa?
So it wasn't just a matter of there wasn't adequate time. Now you are protecting the analyst from abuse, is that it?
I have been a mortgage broker for the past 13 years and I have never seen such a lack of attention to loan risk.
It was also a resource issue, is that correct?
The answer is here from a supervisor, it doesn't make any difference that their collateral is not performing well.
Should a CDO which is expected not to perform be given a AAA rating?
