I hope my colleagues will support my legislation to require Americans to register if they go to a war zone.
Brad Sherman
The Public Record
Brad Sherman is an American politician serving as a member of the United States House of Representatives from California's 30th congressional district since 1997. A member of the Democratic Party, Sherman has focused on various issues including financial regulation, foreign policy, and technology. He has been an advocate for consumer protection and has worked on legislation related to economic stability and national security. Throughout his tenure, he has participated in numerous congressional committees and has been involved in significant legislative efforts.
The rating agencies inflated mortgage-backed securities and other asset-based securities, and that this was a primary cause of the 2008 financial crisis.
The system we have now would be for baseball as if the home team selected the umpire.
If I am in a bond fund, they send me a list of all of the bonds they own and the ratings.
The people think that the most important institutions at the national level are the President and Congress. I believe that they are the Federal Reserve, the Financial Accounting Standards Board (FASB), and the bond rating agencies.
Americans say the economy is the most important thing. In a free market system, the allocation of capital is the most important thing in the economy.
To say that things should be deliberately confusing shows a contempt for ordinary Americans.
I strongly disagree with Mr. Linnell when he says that it is just fine if a rating is expressed as big A, small A, three, epsilon, omega, or something else equally confusing.
I am honored to have you here. And I am thrilled to say the words, 'Secretary Fudge.'





