Political Quotes

On the recordMay 18, 2009
I think credit swap derivatives have been an accurate predictor of credit risk, and more so than credit ratings.
Said by
Paul E. Kanjorski
Pennsylvania

Editor's note · Context

Kanjorski emphasizes the reliability of credit swap derivatives over credit ratings.

Share

More from Paul E. Kanjorski

Jun 2, 2009

I would argue no. But they also should not have been thrust into the center of the bond markets...

congress.gov
Jun 2, 2009

You think if we have a private institution the size of $5.6 trillion, that there is not an implicit statement that the United States Government has to come in and rescue it when it fails or else it brings the entire system down?

congress.gov
Jun 2, 2009

I am talking about just a simple question: Did you not see the real estate excesses that occurred in this country in probably the last 4 or 5 years?

congress.gov
Jun 2, 2009

If we are going to let entities get so big with so many counterparties, then we have to have a regulator.

congress.gov

Other voices in this conversation