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CREDIT RATING AGENCIES AND THE FINA
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C O N T E N T SPageHearing held on
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CREDIT RATING AGENCIES AND THEFINAN
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3what is going on in the subprime m
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19Mr. SHAYS. Mr. Chairman, when the
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21derwriting standards on subprime
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31Chairman WAXMAN. Thank you very m
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43credit rating agencies, which pur
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55Chairman WAXMAN. Thank you very m
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57tem, despite probably about $3 tr
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59that is coming out the chute, and
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67Mr. EGAN. Right.Mr. ISSA. There i
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69Doesn’t it make sense that a tr
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71Mr. BILBRAY. Following your analo
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73he said that Moody’s gave the U
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87Mr. Souder.Mr. SOUDER. All of us
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89But I do want to ask you about on
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91dated industry than it would be o
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93participants were induced to rely
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95try was metamorphosing into a wil
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97And I just ask a couple of you to
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99mortgage market, you’ve seen th
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101First of all, I’d prefer they
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103Mr. FONS. I don’t believe so.
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- Page 147 and 148: 143an investor, raises the possibil
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- Page 165 and 166: 161Chairman WAXMAN. Thank you, Mr.
- Page 167 and 168: 163Mr. MCDANIEL. I am saying both i
- Page 169 and 170: 165Mr. DAVIS OF VIRGINIA. Was the c
- Page 171 and 172: 167blaming everybody else for every
- Page 173 and 174: 169Mr. JOYNT. I’m sure our busine
- Page 175 and 176: 171Mr. ISSA. Let me ask one, and I
- Page 177 and 178: 173Mr. LYNCH. He is saying they did
- Page 179 and 180: 175Mr. JOYNT. Not that I’m aware
- Page 181 and 182: 177Chairman WAXMAN. I’m going to
- Page 183 and 184: 179leveraged loans that corporation
- Page 185 and 186: 181I—hopefully, people recognize
- Page 187 and 188: 183would trap that uneasiness and c
- Page 189 and 190: 185Now, Mr. Chairman, one of the is
- Page 191 and 192: 187Mr. SHARMA. Absolutely. When you
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- Page 195 and 196: 191Mr. JOYNT. If I could address th
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211ÆVerDate 11-MAY-2000 12:35 Aug