07/21/2014
https://www.congress.gov...
"Whenever S&P made a criteria change to its RMBS model and that change was more conservative than the previous model, did S&P retest the old deals to see if their structure still passed for rating purp..."
"So that you felt Standard and Poor's should downgrade subprime, significantly."
"And should?"
"He says it is at risk due to pressure from bankers."