Jack Reed actually said...

But as we have seen during this crisis, many of those, if not most of those, AAA-rated securities have, in fact, been downgraded.

Reed highlights the downgrade of AAA-rated securities during the financial crisis.

10/07/2009

More Jack Reed Quotes

I think this is a hemispheric problem--both General Fraser and I have talked about this--and something we need to continue to work.

Second.

New START has been discussed and one of the conditions is that we would not, except for grandfathered silos, convert silos to be BMD capable...

Thank you, Mr. Chairman.