Political Quotes

On the recordAugust 4, 2009
Is it possible that ratings for certain instruments, such as more traditional bonds we have talked about, have a greater value as benchmarks than ratings provided for more complex and newer structured products, such as CDOs and CLOs?
Said by
Richard Shelby
Republican · Alabama

Editor's note · Context

Senator Shelby inquires about the reliability of ratings for traditional versus complex financial products.

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