On the recordFebruary 2, 2009
The notion that we are going to allow credit for risk ceded without any looking at whether or not there is a creditworthy partner providing the backstop, to me is just mind-boggling.
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congress.govEarl Pomeroy: “The notion that we are going to allow credit for risk ceded without any looking at whether or not there is a…”
Editor's note · Context
Pomeroy expresses disbelief at the lack of scrutiny in credit risk management.
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May 20, 2009
It is really on its face absurd. And I appreciate very much the leadership of this Committee in giving us these kinds of fora to have us sit in the sun and dissect it a little bit.
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