Carl Levin actually said...

Why weren't securitizations halted in 2005, 2006, and 2007 when similar underwriting problems were uncovered?

Levin inquires about the lack of action on securitizations despite known underwriting issues.

04/12/2010

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Those toxic mortgages were scooped up by Wall Street firms that bottled them in complex financial instruments.

Our markets, if we lose our credibility, not only have the folks on Wall Street lost an incredible business, not only the rating agencies an...

Market share should not be driving ratings.

So the market share was a factor there as well as to whether or not you would use the new available information to re-rate the existing secu...