Richard Shelby actually said...

Is it possible that ratings for certain instruments, such as more traditional bonds we have talked about, have a greater value as benchmarks...

Widespread overreliance on ratings meant that the effects of poor quality or inadequately updated ratings could ripple through the markets.

this crisis has revealed that our Nation's 'too-big-to-fail' problem is much worse than many thought.

We need a mechanism that can resolve very large financial organizations in a way that is orderly, that protects the rest from any systemic i...