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 incredible business, but the United Sta...
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...
For a hundred years, Main Street investors trusted U.S. credit rating agencies to guide them toward safe investments.
Part of that culture.
The problem is, outside of the great people that inhabit the United States, that the two greatest things that make this country great are de...
And should it affect the credit analysis?
I could not agree with you more. But that is the culture that existed here.
Was there a delay in putting that new model in place?
IBG-YBG was explained to me to mean, 'I'll be gone, you'll be gone.'
It seems to me, is going to shake up folks that are listening to this testimony as to how much these credit ratings can be relied on.