And if they were being used to short the market, would that be saying something about the quality of the reference to th...
this is the fundamental conflict of interest that we need to do something about in the legislation.
I was pretty amazed.
When you were there, that is the way it was handled?
So, in this case, these ratings were downgraded within a year and are now below investment grade. These are junk.
It should affect the analysis, as you indicate, but it did not affect the analysis here.
I would like more candor from senior management about our errors and how we will address them in the future.
So you didn't retest your old deals. You just disclosed the new rating to the marketplace?
Did Moody's reevaluate wholesale or just certain transactions?
Were you aware that the FBI in 2006 reported that the number of suspicious activity reports surrounding mortgage fraud r...
That is common?
Short-term thinking.
There are some things, it seems to me, that are clearly wrong that happened and should not happen.
That is pretty devastating, I tell you.
It should have been.
Today's hearing is the third in a series of Subcommittee hearings focusing on some of the causes and consequences of the...
Shouldn't their collateral be treated differently if it is not performing?
Could be common.
