04/26/2010
https://www.congress.gov...
"But it may have been related to this issue, is that what you are saying?"
"So that Standard and Poor's assigns lower ratings to lenders that are known for poor quality loans with high delinquency rates?"
"Should collateral that is coming from a company whose collateral in general is not performing so good, should that collateral be treated differently?"
"it is a pretty sad story. A sad chapter in the history of credit rating agencies, folks."