I was pretty amazed.
this is the fundamental conflict of interest that we need to do something about in the legislation.
And if they were being used to short the market, would that be saying something about the quality of the reference to the assets?
I am just asking a simple, straightforward question.
Did investment bankers apply pressure in connection with rating analysts during the rating process?
What is your reaction now that you read that, that something that would have been done otherwise could not be done because the writer, a Sta...
Yes, but you could removed analysts. You might have remove analysts for that reason.
Is that correct?
Well, that is not the part of the testimony he finally acknowledged, which is they were short of resources and didn't get what they requeste...
The bank got their way. Don't assign that person to me from now on.
It would have resulted in downgrades for many of the RMBS securities.