Richard Shelby actually said...

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

Shelby highlights the dangers of overreliance on credit ratings.

08/04/2009

More Richard Shelby Quotes

The IG found that the Office of Compliance Inspections and Examinations and the Division of Enforcement at the Securities and Exchange Commi...

Last January, right here in this room, a little more than 1 month after Bernard Madoff confessed to running a $50 billion multi-decade Ponzi...

Unfortunately, that hearing yielded few answers.

Greed?