07/13/2009
https://www.congress.gov...
"My last question, and my time is about up, you also propose--your proposal would authorize the Securities and Exchange Commission to delegate reviews of NRSROs to the Public Accounting Oversight Board..."
"The nature of today's credit rating industry reflects decades of regulatory missteps rather than market preferences."
"Something has gone wrong. We both agree with that."
"How do we bring back what I thought we all benefited for a long time, and that is, securitization of mortgages?"