Edward Royce actually said...

Both our over-reliance on the major rating agencies and the poor performance of these entities during the recent market downturn has led me to believe that major reforms to the industry are needed.

Context

Royce calls for major reforms in the rating agency industry due to over-reliance and poor performance.

05/18/2009

https://congress.gov...

More Edward Royce Quotes

View All Edward Royce Quotes