On the recordSeptember 15, 2010
What Senator Warner just talked about could happen right now.
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Senator Ensign discusses potential changes in flight routes affecting small markets.
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How do you justify taking BBB-rated products, repackaging them, and getting the rating agencies to re-rate those as AAA-rated products?
The financial markets, I believe, got over-levered. I think lending standards declined.
There is a lot of spin that happened in your terminology in dealing with all these financial products.