On the recordMay 18, 2009
I believe that the government must continue to wean investors off being solely reliant on credit ratings and encourage them to conduct their own more due diligence.
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congress.govEditor's note · Context
Kanjorski emphasizes the need for investors to perform their own assessments rather than relying on credit ratings.
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More from Paul E. Kanjorski
Jun 8, 2009
Clearly, Congress must prevent future activities from endangering our financial system, similar to what we witnessed with AIG, Bear Stearns, and Lehman Brothers last year.
Jun 2, 2009
It is when securitized mortgaging left government-regulated entities, went to Wall Street, and Wall Street discovered a way to sell crap for a AAA rating.
Jun 2, 2009
Could we knock those words out of our vocabulary? It is going to happen again regardless of what we do.
May 18, 2009
We need to address this problem as part of our efforts to reform the financial system to ensure financial products are adequately examined and restore investor confidence.
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