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.
Earl Pomeroy: “The notion that we are going to allow credit for risk ceded without any looking at whether or not there is a…”
On the recordFebruary 2, 2009
Source
congress.govEditor's note · Context
Pomeroy expresses disbelief at the lack of scrutiny in credit risk management.
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