If you could go lower, would you give them a lower grade than that?
The SEC apparently couldn't hit the broad side of a barn if you gave them a shotgun and directions.
What we found out was that rating systems were filled with conflicts of interest.
It is clear the system as it exists is broken, and I want to look forward to working with Chairman Dodd, Senator Reed on...
I think that, in our judgment, one of the reasons it is so critical to move on financial regulatory reform this year is ...
I am proposing, in addition to Senator Reed's bill and the Administration's proposal, that for every ten rated products,...
There are two areas... that deserve special recognition for the problems.
Yes, but, OK, two points I would make. My time is up. But, number one, it would be done on a random basis and secretly, ...
We cannot overestimate the impact this had on the financial crisis.
And, second, your proposal, of course, is not mandatory, and simply giving the information, if everyone is in the same b...
Senator Shelby and I are determined to have this be a very inclusive process.