Speaking now @FSCDems Capital Markets Subcommittee hearing on oversight of the #SEC’s offices & divisionshttps://www.youtube.com/watch?v=OVV0zneOIDs …
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Replying to @RepStephenLynch
Since the financial crisis, your agency has not instituted any fundamental change in the credit rating agency business model.
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Replying to @RepStephenLynch
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.
7:17 AM - 21 Apr 2016
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