Speaking now @FSCDems Capital Markets Subcommittee hearing on oversight of the #SEC’s offices & divisionshttps://www.youtube.com/watch?v=OVV0zneOIDs …
Since the financial crisis, your agency has not instituted any fundamental change in the credit rating agency business model.
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The model that created these conflicts of interest. Credit rating agencies have returned to record profits.
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It seems the system is designed to shield rating agencies from accountability.
End of conversation
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