Are you concerned that even if your recommendations are implemented, we hope, that the culture of the SEC is such that examiners will be rewarded for focusing only on technical vio...
Is it mind boggling to you, as you did your research and investigation here, that a fraud of such magnitude, $50 billion or more--I assume o...
I strongly believe that the credit rating agencies played a pivotal role in the collapse of our financial markets.
Widespread overreliance on ratings meant that the effects of poor quality or inadequately updated ratings could ripple through the markets.
Is it possible that ratings for certain instruments, such as more traditional bonds we have talked about, have a greater value as benchmarks...
Unfortunately, the law that we passed in 2006 did not have time to take root before the problems that they were intended to remedy took thei...
Without that, there is no trust out there, is there?
How do we bring securitization back? How do we do this? I mean, it is based on trust, and maybe it is a brick at a time. But it worked so we...
When I was Chairman of this Committee, we acted to address the problem after the SEC failed to take action on its own.
I think we have to tackle the conflict of interest head-on.
How is the decision to leave the NRSRO ratings embedded in the regulatory framework consistent with the goal of not affording regulatory pri...