Greed?
if you don't even have the expertise to be able to figure out who is a reliable advisor and who is not, you shouldn't be running a bond fund...
How do we bring back what I thought we all benefited for a long time, and that is, securitization of mortgages?
Something has gone wrong. We both agree with that.
The nature of today's credit rating industry reflects decades of regulatory missteps rather than market preferences.
My last question, and my time is about up, you also propose--your proposal would authorize the Securities and Exchange Commission to delegat...
Well, why do you want them then if----
I think that is probably an understatement.
Absolutely.
It would take a long stretch, wouldn't it, to bring a lot of confidence back into what we feel has been lost with the rating agencies, would...
Today, we will consider a legislative proposal by the Administration to revisit the regulation of credit rating agencies.